Uber Technologies, Inc. (UBER)
Billionaires Are Piling Into an Artificial Intelligence (AI) Stock That Is Quickly Turning Into a Free Cash Flow Machine
Investors should always keep an eye on billionaire money managers. These are usually some of the best investors in the game and have the track record to back it up.
Billionaire Bill Ackman Just Went All In With a $2.3B Bet on This Stock
Bill Ackman, the legendary billionaire hedge fund manager over at Pershing Square Capital Holdings, has a new position, and it's caused quite the bullish crowd to come herding over.
Uber sues DoorDash, accusing its food delivery rival of inflating costs and anti-competitive business practices
Uber filed suit against its food delivery rival DoorDash on Friday, seeking unspecified damages. Uber says DoorDash has cost Uber millions of dollars in revenue through anti-competitive practices.
Uber sues DoorDash, alleging anti-competitive tactics
Ride-share giant Uber filed a lawsuit Friday against DoorDash, accusing the delivery giant of stifling competition by intimidating restaurant owners into exclusive deals.
Uber's CEO says he wants to find a way to work with Tesla because 'no one wants to compete against Tesla or Elon, if you can help it'
Dara Khosrowshahi, the CEO of Uber, said he prefers not to compete with Elon Musk and Tesla. Musk said in January that Tesla will launch a paid robotaxi service in Austin this summer.
Does Billionaire Bill Ackman's New Position in Uber Carry a Hidden Opportunity?
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.
Meet the Glorious Growth Stock Billionaire Bill Ackman Is Buying Hand Over Fist
Bill Ackman is the founder and CEO of Pershing Square, a hedge fund with around $12.9 billion in assets under management. That includes billions of dollars invested in popular stocks like Alphabet, Nike, and Chipotle Mexican Grill.
Uber After Bill Ackman's $2Bn Stake: Autonomous Vehicles Drive Further Upside
Bill Ackman's Pershing Square Capital Management acquired 30.3 million shares in Uber, citing high-quality management, profitability, and undervaluation as key reasons. Uber's historical financial performance has shown significant revenue and EBITDA growth, benefiting from operating leverage and stable SG&A and R&D expenses. The baseline scenario suggests Uber is moderately undervalued, while the optimistic scenario highlights massive potential from autonomous vehicles, projecting a potential market cap of $800 billion by 2028.
The 1 Stock Billionaire Bill Ackman Is Buying Hand Over Fist
Go big or go home. Billionaire investor Bill Ackman of Pershing Square Capital Management takes that sentiment to heart.
Bill Ackman Makes $2.3 Billion Bet on Uber's Future
Uber (UBER 1.25%) 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.
3 Arrested After Brazen Daytime Home Invasion: Kankakee Co. Sheriff
KANKAKEE COUNTY — Three men were arrested in connection with a brazen home invasion in broad daylight Monday in Kankakee, according to the Kankakee County Sheriff's Office. Police said Tuesday they were called at around noon to a home on North Pearl Street in rural Kankakee. The homeowner told police a man posing as an Uber Eats delivery driver came to the front door. As the homeowner was speaking with him, two other men forced their way inside, the sheriff's office said. They restrained the homeowner with zip ties then ransacked the home, stealing electronics, cash, and multiple firearms including handguns and rifles before fleeing the scene. After an investigation, sheriff's police arrested three suspects linked to the home invasion. Arrested were Marcus A. Phelan, 41, of Kankakee, James E. Schoeberl II, 38, of St. Anne, and Ryan A. McManimen, 29, of Bourbonnais. All three were charged with home invasion. Phelan, who was armed at the time of his arrest, was taken into custody on an outstanding warrant out of Morgan County, Illinois. Sheriff's deputies recovered multiple stolen items during the arrests. "I want to commend our investigators for their outstanding work in quickly identifying and apprehending these individuals," Sheriff Mike Downey said. "The ability to recover stolen property—including dangerous firearms—and bring these suspects into custody so swiftly is a testament to their dedication." Downey also thanked the Kankakee police and fire departments, the Kankakee County Emergency Response Team, and the Kankakee County State's Attorney's Office for their help. All three men remain in custody at the Jerome Combs Detention Center, awaiting a detention hearing before a Kankakee County judge, the sheriff's office said. Additional charges might be forthcoming, Downey said.
Billionaire Bill Ackman Just Revealed His Newest Position. Here's Why I Think the Stock Is a Screaming Buy.
On Friday, Feb. 7, hedge fund manager Bill Ackman took to social media platform X (formerly Twitter) to reveal his firm's newest stock position. This is quite unusual, as investors typically need to wait until institutional investors publish a Form 13F following the end of a quarter to see which stocks they recently bought and sold.
