Bill Ackman's Pershing Square Makes a Bold Move with $1.1 Billion Uber Stake

In a strategic financial maneuver that has caught the attention of Wall Street, renowned investor Bill Ackman disclosed that his hedge fund, Pershing Square Capital Management, now holds a significant stake in Uber Technologies, Inc. According to Ackman, the firm possesses approximately 30.3 million shares of the ride-hailing giant, amounting to an impressive valuation of about $1.1 billion based on current market prices.

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