Streetbeat News

PSHZF

Pershing Square Holdings Ltd

http://pershingsquareholdings.com/

Industry

Offices of Other Holding Companies

Open

49.10

Mkt cap

8.9B

Volume

High

49.29

P/E Ratio

4.03

52-wk high

57.85

Low

48.80

Div yield

0.01

52-wk low

42.26

Bill Ackman defended Elon Musk's commitment to free speech amid criticism over anti-Semitic comments and advertisers pulling out from Musk's social media platform, X. Ackman's firm, The Pershing Square Foundation, remains invested in X and supports companies advertising there. Ackman criticized Disney (DIS) for suspending ads on X and suggested Nelson Peltz could influence Disney's decision once on the board. Despite a potential $75 million loss in ad revenue for X, Ackman praised Musk's ownership of X but proposed a trust as a better long-term owner. Pershing Square Holdings (PSHZF) shares fell 1.55%.

Portfolio Pulse from Shanthi Rexaline

December 01, 2023 | 9:09 am

Bill Ackman's firm, Pershing Square Holdings Ltd (OTC:PSHZF), has obtained regulatory approval for a novel investment vehicle, Pershing Square SPARC Holdings, aimed at investing in privately held companies with the intention of taking them public. Ackman has expressed interest in investing in X, a social media platform owned by Elon Musk. However, the likelihood of such a deal is low due to the platform's declining ad revenues and $13 billion debt under Musk's leadership.

Portfolio Pulse from Ramakrishnan M

October 02, 2023 | 6:35 am

Hedge fund manager Bill Ackman, founder of Pershing Square Capital Management and manager of Pershing Sq HLD, has expressed his political views on the 2024 presidential election. Ackman has shown support for Robert Kennedy Jr. and Vivek Ramaswamy, but also hopes for another top financial name to run. His top pick is JPMorgan Chase CEO Jamie Dimon, although Dimon has stated he will not run. Ackman believes a centrist candidate would be best for America and suggests that if Biden steps aside, more candidates might enter the race.

Portfolio Pulse from Chris Katje

September 23, 2023 | 1:49 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.