What is your investment thesis on Uber, and why do you believe its market position is secure?
Replied byBill Ackman
Founder & CEO at Pershing Square Capital Management
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2004
Uber stock is cheap because investors fear Tesla autonomous taxis will disrupt them. However, Uber has become a dominant platform and a verb in consumer mind share. Consumers will continue using the Uber app as an aggregator to find the fastest, cheapest ride, regardless of who owns the self-driving car.
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