Bill Ackman buys over 30 million shares of Uber, seen as a "sleeping giant."

From Nasdaq: 2025-02-11 04:12:00

Billionaire Bill Ackman, CEO of Pershing Square Capital Management, outperformed the S&P 500 with a 191% return in the last five years. His hedge fund recently acquired over 30 million shares of Uber Technologies (NYSE: UBER), valued at more than $2 billion, making him an inspiration for investors.

Uber, labeled a “sleeping giant” by Thomas Champion, has dominant positions in ride-sharing and food delivery. With a large user base, Uber benefits from a strong network effect, driving growth in monthly active platform consumers and trip counts. The company’s scale also positions it well for autonomous driving and advertising opportunities.

Uber’s partnership with Alphabet’s Waymo in autonomous driving could lead to significant growth. CEO Dara Khosrowshahi sees a $1 trillion-plus opportunity in the U.S. for autonomous driving. Additionally, Uber’s data advantage in advertising may result in $5 billion in ad sales by 2027. The stock’s current valuation presents a buying opportunity for investors.

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