Bill Ackman’s Big Bet on Uber Wins Praise from CEO Dara Khosrowshahi

In February, hedge fund billionaire Bill Ackman revealed he had acquired a roughly $2 billion stake in Uber. Known for his activist approach and tendency to push for major changes at companies he invests in, Ackman hasn’t always been welcomed by corporate leaders. But Uber CEO Dara Khosrowshahi says the relationship has been entirely positive, calling Ackman a “legendary investor” whose involvement has inspired the company to launch new features.

“I’ve always admired Bill, so when we found out he was a shareholder...