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Activist investor Bill Ackman has taken a share of more than $ 2.3 billion in a drive company company, inserting the shares he said they are prices on a “huge discount”.
Ackman announced a new share after Uber posted weaker than expected Earnings in the fourth quarter of this week, but she announced what she claimed to be more than a “opportunity for $ 1 -plus” so that autonomous vehicles could revolutionize and not disrupt her job.
On Friday, the company’s shares have increased more than 9 percent and the market value has reached $ 160 billion.
“We believe that Uber is one of the best managed and highest quality companies in the world,” wrote Ackman, who runs the Hedge Fund of Pershing Square Capital Management, on Friday on X.
“Exceptionally, this can still be purchased with a huge discount to its inner value. This favorable combination of attributes is extremely rare, especially for a big cap.”
Pershing Square and Uber did not immediately respond to the comment requests.
While Ackman in the post office at X said that Uber had “suffered from a messy management over the years,” praised the executive director Dara Khosrolshahi that she finally made the group profitable.
Khosrolshahi replaced the co -founder of Uber Travis Kalanick in 2017 after becoming trapped in a series of scandal, including allegations that he was running an organization that blinded her eyes to sexual harassment in the workplace.
Ackman said his Hedge Fund began buying Uber shares in early January and that the group now owned more than 30 million shares. He first invested in the company about his founding in 2009, with a small proportion facilitated through a risk capital fund.
Last February, Uber reported on the first annual operation, a turning point for the Silicon Valley company.
He had a difficult period around his initial public offer in 2019, which did not meet the $ 120 billion value expectations. When he listed this, Uber’s debut was the worst loss from the first day for an American company that is public.
Last February, Khosrolshahi said the results were “a point for Uber, proving that we can continue to create a strong profitable growth in proportion.”
Last year, the company re -reported annual profitability and aims to integrate autonomous vehicles into its fleet. Last year, he signed a contract with the Alphabet Waymo branch, and this week opened a waiting list for his vehicles, which is driving independently in Austin in Texas.
