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Ackman IPO Slump
Description
Bill Ackman's $5B Pershing Square IPO stumbled on day one due to retail investor settlement issues, but Ackman quickly bought 1.3M shares personally and deployed ~$1.75B into an AI-focused portfolio including Meta, Alphabet, Uber, and Amazon. He called Zuckerberg an effective capital allocator and said AI ad returns are already boosting Meta's customers.
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