Bill Ackman thinks Uber shares are a bargain. The billionaire activist investor and CEO of Pershing Square Holdings revealed Friday that his firm has built a significant position in the rideshare giant, causing the stock to jump nearly 7%.
In a post on X, Ackman said Pershing Square owns 30.3 million Uber shares, worth about $2.3 billion based on the current stock price of roughly $75, which the firm began acquiring in early January. He also said that he has been a long-term customer and admirer of the company since actor Edward Norton introduced him to the app in its early days, prompting Ackman to become a “day one investor” through a venture fund.
