Bill Ackman’s hedge fund Pershing Square Capital Management owns 30.3 million shares of Uber Technologies Inc., the billionaire investor disclosed on Friday. The firm began building a position in Uber in early January,

Uber Technologies stock is trading at a “massive discount,” Bill Ackman said Friday as he revealed that his hedge fund had established a significant stake in the ride-hailing company. In a post on X,

Shares of the ride-sharing giant Uber Technologies (NYSE: UBER) rose nearly 9%, as of 12:38 p.m. ET today, after billionaire investor Bill Ackman revealed that his fund Pershing Square Capital Management had launched a new stake in the company that is now valued at over $2 billion.