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Bill Ackman Makes $2.3 Billion Bet on Uber's Future

Source The Motley Fool

Uber (NYSE: UBER) got a huge new investor last week when hedge fund manager Bill Ackman announced a $2.3 billion stake in the company. Ackman is known as a long-term investor willing to bet big on concentrated ideas, and in this video, Travis Hoium covers what he may be seeing.

*Stock prices used were end-of-day prices of Feb. 11, 2025. The video was published on Feb. 12, 2025.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Lyft, Mobileye Global, and Uber Technologies and has the following options: short January 2027 $110 puts on Tesla. The Motley Fool has positions in and recommends Amazon, Tesla, and Uber Technologies. The Motley Fool recommends Mobileye Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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