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Uber just became one of Bill Ackman’s boldest portfolio moves. Here’s why he’s all in — and what it could signal about where the smart money is headed next.
In a move that has captured Wall Street’s attention, billionaire investor Bill Ackman has placed a substantial wager on the future of ridesharing, pouring a staggering $2.8 billion into Uber Technologies. According to CNBC, the investment represents nearly 18% of his Pershing Square Capital Management’s portfolio, making it one of the fund’s most significant positions. In February…
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