Bill Ackman reveals he's been building a more than $2 billion stake in Uber

Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Pershing Square's Bill Ackman revealed Friday that he has built a significant stake in Uber, saying the stock is still trading at a "massive" discount.In a post on X, the hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion based on the stock's current level around $75 per share."We believe that Ub ...