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Activist investor Bill Ackman took a participation of more than $ 2.3 billion in the Uber carpooling company, which said the actions which, according to him, were at the cost of a “massive discount”.
Ackman announced the new stake after Uber poster weaker than expected The gains of the fourth quarter this week, but announced what he claimed was an “opportunity of more than 1 TN” that autonomous vehicles could revolutionize rather than disturbing his business.
Friday, the shares of the company closed 6.6%, giving the group a market capitalization of nearly $ 160 billion.
“We believe that Uber is one of the best managed and highest companies in the world,” Ackman wrote on Friday, who runs the Hedge Fund Pershing Square Capital Management, wrote on Friday on X.
“Remarkably, it can always be bought at a massive discount at its intrinsic value. This favorable combination of attributes is extremely rare, in particular for a large capitalization company. »»
Pershing square and Uber did not immediately respond to requests for comments.
While Ackman said in the position on X that Uber had “suffered from erratic management” over the years, he congratulated the director general Dara Khosrowshahi for finally returning the group profitable.
Khosrowshahi replaced the co-founder of Uber, Travis Kalanick, in 2017 after being trapped in a series of scandals, including allegations he led an organization that made the eyes on the eyes sexual harassment in the workplace.
Ackman said his Hedge Fund started buying Uber’s actions in early January and that the group now had more than 30 million shares. He made his first investment in the company around his foundation in 2009, with a small participation facilitated by a venture capital fund.
Uber announced its first annual operating profit last February, a turning point for Silicon Valley Company.
He experienced a difficult period around his first public call to public in 2019, which did not meet expectations worth 120 billion dollars. When he was listed, Uber’s debut was the worst dollar loss of the first day for an American company in public.
Last February, Khosrowshahi said that the results were “an inflection point for Uber, proving that we can continue to generate strong profitable growth on a large scale”.
The company has once again declared an annual profitability last yearAnd aims to integrate autonomous vehicles into its fleet. He signed an agreement with the Waymo subsidiary alphabet last year and opened a waiting list this week for his autonomous vehicles in Austin, Texas.
