Key Investment Moves by Pershing Square Capital Management
In the second quarter, Pershing Square Capital Management, led by founder Bill Ackman, increased its holdings in Netflix (NASDAQ: NFLX) and Uber Technologies (NYSE: UBER), both of which are currently facing significant stock price declines—Netflix is down 33% and Uber has dropped 18% over the past year.
While Netflix is grappling with slower revenue growth and has shifted its engagement report to annual releases starting in 2027, the company plans to pursue opportunities in sports streaming and advertising, anticipating ad revenue to reach $3 billion this year. Conversely, Uber is investing heavily in artificial intelligence and autonomous vehicles, announcing a deal with Rivian to acquire up to 50,000 EVs, aimed at launching them in U.S. cities by 2028. These strategic moves could alter their market prospects in the long run.
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