Hedge Fund Billionaire Ackman Reveals $2.3 Billion Stake In Uber—Stock Races To 9% Gain

ToplineBillionaire Bill Ackman disclosed Friday his hedge fund made a major bet on ride hailing giant Uber, helping boost shares of the San Francisco-based company to their highest level in months as part of a whirlwind week for Uber stock.Bill Ackman now owns more than 1% of Uber.Patrick McMullan via Getty Images Key FactsAckman’s Pershing Square Capital Management owns 30.3 million shares in Uber, having begun accumulating that stake in early January, the billionaire posted to X late Friday morning. Pers ...