Billionaire George Soros’ Long-Term Stock Picks

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

Number of Hedge Fund Holders: 136

Soros Fund Management’s Stake: $47.1 million

Uber Technologies, Inc.(NYSE:UBER) develops and operates proprietary technology applications worldwide. The following key aspects make this company a standout investment. Firstly, as per the reports for the third quarter of 2024, revenue grew 20% year-over-year to $11.2 billion, or 22% on a constant currency basis, indicating strong sales performance, with growth remaining solid even after accounting for currency fluctuations. In addition, combined mobility and delivery revenue grew 23% YoY to $9.9 billion, or 25% on a constant currency basis, which reflects the growing customer demands and operational strength. Secondly, the company, along with Waymo, plans to bring autonomous ride-hailing to Austin and Atlanta on the Uber app. Uber will manage and dispatch a fleet of Waymo’s fully autonomous, all-electric Jaguar I-PACE vehicles that will grow to hundreds over time, adding a competitive edge to the company’s portfolio.

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