Bill Ackman, hedge fund manager takes a share of $ 2.3 billion in Uber

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Activist investor Bill Akman received a share of more than $ 2.3 billion in Uber Share, where he obtained shares that he said was at a price of “a huge discount.”

Akman announced the new session after Uber published weaker profits than expected in the fourth quarter this week, but it raised what I claimed to be more than a “excessive opportunity from one dollar” that could occur independent vehicles instead of disrupting their business.

On Friday, the company’s shares closed 6.6 percent, giving the market group about $ 160 billion.

“We think Uber is one of the best managed companies and the highest quality in the world,” wrote Akman, who runs the hedge fund Pershing Square Mansong on Friday.

Miscellaneous, it is still possible to buy it with a huge discount on its fundamental value. This favorable mix of features is very rare, especially for a large company of settings. “

Perchang Square and Uber did not immediately respond to the comment requests.

While Ackman said at The Post on X that Uber “suffered from the wrong management” over the years, CEO Dara Khusushhahi praised the group finally profitable.

Khusrushi replaced the founder of Uber, the participant, Travis Calnnik, in 2017 after he became in a series of scandals, including allegations that he had led an organization on the face of the party to sexual harassment at the workplace.

Akman said that his hedge fund began to buy Uber’s shares in early January and that the group now owned more than 30 million shares. He investigated the first in the company about its establishment in 2009, with a small share of an investment capital fund.

Uber reported the first annual operating profit last February, a turning point for Silicon Valley.

She had a difficult period about her first year offer in 2019, which failed to meet 120 billion dollars. When a list took place, the first appearance of Ubar was the worst loss of the dollar on the first day of an American company to advance.

Last February, Josesarhahi said the results are “a turning point for a opery, which proves that we can continue to generate strong, profitable growth.”

The company reported an annual profitment again last year, and aims to integrate independent vehicles into its fleet. A deal with Waymo Alphabet was signed last year, and this week it opened a waiting list for its self -driving cars in Austin, Texas.