TECH - Bill Ackman Reveals He Holds $10M Stake In Elon Musk's X Amid Antisemitism Controversy: 'Whether We Make A Profit...Is Not Important' | Benzinga
Bill Ackman has for the first time revealed the value of the minority stake that his hedge fund holds in Elon Musk's X.
What Happened: Ackman's hedge fund, The Pershing Square Foundation (OTC:PSHZF), invested $10 million in X when the social media company went private after being acquired by Musk for $44 billion.
While it was known that Ackman had picked up a stake in X, this is the first time the fund manager has revealed the exact quantum.
"We are a very small investor. The @PershingSqFdn invested only $10m," Ackman said in a response on X.
We are a very small investor. The @PershingSqFdn invested only $10m. — Bill Ackman (@BillAckman) December 2, 2023
Ackman was ...