Ackman Announces Major Stake in Uber: Should You Follow His Lead?

Ackman Announces Major Stake in Uber: Should You Follow His Lead?

Bill Ackman took to X to announce that his company, Pershing Square, holds 30.3 million shares of Uber after they began purchasing stock in January.

Ackman’s Pershing Square Suffers from the ‘Passive’ Phenomenon

The problem? Several of its stock holdings aren’t in the S&P 500

Uber Partners with XION to Revolutionize User Acquisition

XION, a walletless Layer 1 network, has officially announced its collaboration with Uber, the globally recognized ride-hailing company based in San Francisco. This partnership will enable Uber to enhance user acquisition worldwide through XION’s EarnOS, a digital advertising and payments platform that initially launched in beta last year. Uber now joins a growing list of global brands utilizing EarnOS to optimize user acquisition. Previously, co…

Ackman hails Uber after revealing $2.3bn Pershing Square stake

Activist hedge fund firm Pershing Square has acquired a $2.3bn stake in Uber with founder Bill Ackman calling the ride-hailing firm “one of the best-managed and highest-quality businesses in the world,” according to a report by the Financial Times. The announcement comes as Uber pivots toward new opportunities in autonomous vehicles and seeks to build on its recent streak of profitability. Ackman revealed the investment after Uber reported weake…