This Stock Could More Than Double By 2029, According to Billionaire Bill Ackman
Billionaire hedge fund manager Bill Ackman recently revealed his latest multibillion-dollar investment: mobility technology leader Uber (UBER -2.14%). According to a social media post by Ackman, Pershing Square Capital Management (the hedge fund he oversees) owns 30.3 million shares of the company.At Uber's current share price, Ackman's investment is worth roughly $2.4 billion, which is one of the largest investments Pershing has ever made.In the same post announcing the investment, Ackman wrote, "[W]e beli ...