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Activist Investor Bill Acman Ride-Shayer Company Uber has participated more than $ 2.5 billion, saying that “huge discounts” were priced.
Acman announced new shares after Uber posts Vulnerable than expected The fourth-quarter earned this week, but what it claims was heald that was more than “$ 1TN-plus opportunity” that autonomous vehicles could revolutionize their business without disrupting its business.
On Friday, the company’s stock increased by more than 9 percent, its market value is at the top of $ 160bn.
“We believe that Uber is one of the best managed and highest quality business in the world,” Acman, who operates the Hedge Fund Parsing Square Capital Management, wrote on Friday X.
“Significantly, it can still be purchased at a huge discount for its internal quality. This favorable combination of features is extremely rare, especially for a large cap company “”
Parsing Square and Uber did not immediately respond to the requests for the comment.
Acman said in X’s post that Uber had been suffering from irregular management for years, he praised the CEO, Dara Khosavshahi, for making this team profitable in the end.
Khosrshahi replaced Uber co-founder Travis Kalanik in the 2017, when he led an organization that he alleged that he led an organization Blind Sexual harassment in the workplace.
Akman said his hedge fund started buying Uber’s stock in early January and the group now owns more than 30 million shares. He first invested in the company around the organization in the 21st, with a small partnership through the capital fund of an initiative.
Uber said his first annual operating gain in February, it was a turning point for the Silicon Valley Company.
It had a difficult time around its initial public offer in 2019, which failed to meet $ 120bn quality expectations. When it was listed, Uber’s debut was the worst first day dollar loss to the public in the United States.
Last February, Khoshvashi said that the results were “a reflection point for Uber, proves that we can achieve strong profitable growth on the scales”.
The agency again expressed his annual profitability last year and its aim to consolidate autonomous vehicles in its fleet. It signed an agreement with the alphabetical agency Wemo last year and opened a waiting list for its self-driving vehicle in Austin, Texas.
