Group 1 - Bill Ackman has made significant investments in the automotive sector, particularly in Uber Technologies, acquiring over 30 million shares, making it the largest holding in the Pershing Square portfolio [2][4] - Ackman increased his stake in Hertz Global Holdings by 18%, with a purchase of 12.7 million shares that was initially undisclosed due to confidentiality [2][3] - Pershing Square exited its position in Nike, previously holding 18.8 million shares, marking a complete divestment [3][5] Group 2 - The latest 13F filing reveals that Ackman and Pershing Square currently hold 11 stocks, with Uber representing 19% of the portfolio, followed by Brookfield Corporation at 18% and Restaurant Brands International at 13% [4][6] - Other notable holdings include Howard Hughes Holdings at 12%, Chipotle at 9.1%, and Canadian Pacific at 8.7% [6] - The portfolio has seen significant changes, with Hilton Worldwide Holdings decreasing by 45% and Google Class C shares down by 16% [5][6]

Core Insights - Uber is a global leader in ride-sharing and food delivery, generating $163 billion in gross bookings and nearly $7 billion in free cash flow last year [1][3]. Business Performance - The company is on track with its mid to high teens growth projections for gross bookings and expects EBITDA margins to grow in the mid-30s to 40% range [3]. - More than 90% of EBITDA is anticipated to convert into free cash flow, and the company is either on track or ahead of all its targets set during the 2024 Investor Day [3].

Uber customers throughout the U.S. can now rent an extraordinary selection of Turo vehicles directly through the Uber platformSAN FRANCISCO, May 15, 2025 /PRNewswire/ -- Turo, the world's largest peer-to-peer car sharing marketplace, and Uber Technologies, Inc. (NYSE: UBER) announced today that Turo vehicles are now available to rent through the Uber app in the United States. This marks the U.S. debut of the integration between Turo and Uber Rent, enabling travelers to access Turo's unique and diverse selec ...

Uber (UBER) FY Conference May 15, 2025 09:20 AM ET Speaker0 Alright. We're going to go ahead and get started. I'm Doug Anmuth, JPMorgan's Internet analyst. We're very pleased to have with us Uber's CEO, Daragh Hazrashahi. Uber's mission is to create opportunity through movement. Uber is a global leader in two secular growth industries, ride sharing and food delivery. Last year, the company generated $163,000,000,000 in gross bookings along with nearly $7,000,000,000 of free cash flow. Dara has been CEO of U ...

Uber has revealed new details about its six-week-old partnership with restaurant booking platform OpenTable.The two companies announced their partnership in late March, and Uber revealed on Wednesday (May 14) that OpenTable would begin powering reservations via the Uber Eats app. The company shared more information about this arrangement with Bloomberg News.“For us at Uber Eats, restaurants are at the core of what we do, so it’s crucial that we help bring additional opportunities to drive revenue, engage ex ...

Core Viewpoint - Aurora Innovation's stock has faced significant pressure due to Uber's announcement of a $1 billion exchangeable note offering, raising concerns about potential dilution of Aurora shares [1][2][5]. Group 1: Company Overview - Aurora Innovation specializes in autonomous vehicle technology and has recently launched commercial operations, becoming the first in the autonomous trucking industry [6]. - The company has a strong financial position with nearly $1.2 billion in cash and equivalents, providing it with flexibility for future growth [6]. Group 2: Shareholder Dynamics - Uber, which holds approximately a 26% stake in Aurora, became a major shareholder after selling its self-driving unit to Aurora in 2020 [3]. - The exchangeable notes offered by Uber can be converted into Aurora shares, which could lead to a significant increase in the number of shares available in the market if investors choose to exchange their notes [2][5]. Group 3: Market Reaction - Following Uber's announcement, Aurora's shares dropped by 6.3%, with a peak decline of 17% during the trading day, reflecting investor fears regarding share dilution [1][5].

Uber has rolled out a series of products designed to help customers save money.“We’re hearing it more and more these days — life just feels like a lot. Too complicated. Too uncertain. And above all, too expensive,” the tech giant said in its Wednesday (May 14) announcement. “That’s why at Uber we’re building practical products to make life a little more affordable — and a lot easier.”Among the new offerings is Route Share, which offers pickups every 20 minutes along busy corridors during weekday commute hou ...

Uber Technologies on Wednesday unveiled a range of new offerings such as shared fixed-route rides and expanded membership passes, targeting consumers seeking cost-effective ways to travel.The ride-sharing app has been looking to invest in more affordable transport and delivery offerings to widen its user base and combat slowing revenue growth in an uncertain economic environment.Uber’s new “Route Share” ride option will cost half as much as the company’s UberX ride-hail service, by providing pickups every 2 ...

If you're an Uber One member, you'll be able to take advantage of a massive new promo. The first Uber One Member Days event will run from Friday, May 16, to Friday, May 23, to coincide with Memorial Day sales on other tech shopping platforms. Uber One Member Days is structured very similarly to Amazon's various Prime Day sales -- paying members will have access to rotating benefits over the course of the event, timed with Memorial Day, compounded with the usual perks of an Uber One membership. Different rid ...

Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Uber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing company on Wednesday announced a route share feature on its platform, prepaid ride passes and special deals week for UberOne members at its annual Go-Get showcase.Uber's new features come as the company accelerates its leadership position in the ridesharing market and ...