Billionaire Bill Ackman buys $2.3 billion of beat-down tech stock
The long-time hedge fund manager thinks this stock is "at a massive discount."
![Billionaire Bill Ackman buys $2.3 billion of beat-down tech stock](https://www.thestreet.com/.image/c_fit,h_800,w_1200/MjA4MTk1NDQzMjcwNjI0NzA5/key-speakers-at-the-wall-street-journal-dlive-conference.jpg?#)
Have billionaires ever called an Uber?
Maybe Bill Ackman has. He said he has been "a long-term customer and admirer of Uber beginning when Edward Norton showed me the app in its early days,"
"I was also fortunate to be a day-one investor in the company through a small investment in a venture fund," the billionaire wrote on X.