Uber shares jump to highest in three months as Bill Ackman acquires $2.3 billion stake: Report
Uber Technologies' stock rose to a three month high, as Bill Ackman acquired a $2.3 billion interest in the company, Reuters reported. The billionaire hedge fund manager took to X to say that he had begun purchasing a stake in the ride sharing platform in early January. He now owns 30.3 million shares in the company, the newswire noted.