5 Dumbest Companies to Invest In

3. Uber Technologies, Inc. (NYSE:UBER)

Hedge Fund Investors as of Q3 2022: 142

Uber Technologies, Inc. (NYSE:UBER) is a ridesharing platform that connects drivers with those looking for a ride. The firm also provides delivery services and it is based in California.

Uber Technologies, Inc. (NYSE:UBER)’s freight division joined the recent wave of layoffs across the U.S. as it announced in January 2023 that it is reducing 3% of its workforce. Insider Monkey took a look at 920 hedge funds for their third quarter of 2022 investments to discover that 142 had held a stake in the company.

Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 9.2 million shares that are worth $510 million.

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