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Activist Investor Bill Ackman has received a portion of more than $ 2.3BN at the Uber traveling company, capturing shares he said were priced at a “mass discount”.
Ackman announced new shares after Uber posted weaker than expected the fourth quarter income this week, but warned what was more than “$ 1Tn-plus” that autonomous vehicles could revolutionize than to break her business.
Company shares closed 6.6 percent higher Friday, giving the group a $ 160BN market capitalization.
“We believe that Uber is one of the best managed and highest quality businesses in the world,” wrote Ackman, who runs the Pershing Square Capital Management Protective Fund on Friday.
“Wonderful, it can still be bought with a massive discount of its inner value. This favorable combination of attributes is extremely rare, especially for a company with large hats. “
Persing Square and Uber did not immediately respond to commentary requests.
While Ackman said in the X post that Uber had “suffered from the messy management” over the years, he praised the chief executive Dara Khosrowshahi for completing the profitable group.
Khosrowshi replaced Uber Travis Kalanick co -founder in 2017 after he was involved in a series of scandals, including allegations that he led an organization that turned a blind eye to sexual harassment.
Ackman said his defensive fund began to buy Uber’s shares in early January and that the group now owned more than 30 SCIENCE. He made his first investment in the company about its founding in 2009, with a small share facilitated through a capital capital fund.
Uber reported the first annual operation of operation last February, a turning point for Silicon Valley.
There was a difficult time about its initial public offer in 2019, which failed to meet expectations for $ 120 billion. When he made the list, Uber’s debut was the worst loss of the first day dollar for a US company that was going out in public.
Last February, Khosrowshahi said the results were “a point of infection for Uber, proving that we can continue to create a strong lucrative increase in scale”.
The company reported the annual benefit again last year, and aims to integrate autonomous vehicles into its fleet. She signed an agreement with the Waymo alphabet subsidiary last year, and this week opened a waiting list for her self-driving vehicles in Austin, Texas.
