Bill Ackman is one of the most closely followed investment personalities on Wall Street. As CEO of hedge fund Pershing Square Capital Management, Ackman has been at the center of some creatively structured investments in recent history.

Bill Ackman has amassed a roughly $2.3 billion stake in Uber, saying in a post on X that the ride-hailing company's stock is undervalued. Ackman said Friday in the post that his Pershing Square invest

Uber’s stock extends its surge as hedge funder Ackman says he’s amassed a 30.3-million-share stake since early January.

The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion.

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.

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,

Bill Ackman’s Pershing Square invests in Uber, citing undervaluation and growth potential. Read what makes UBER stock an attractive investment.