Daniel Loeb’s Third Point slashes stake in Uber

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(Reuters) – Daniel Loeb’s hedge fund, Third Point, reduced its stake in ride-share platform Uber by about 76% to 1 million shares, a filing with the U.S. SEC showed on Wednesday.

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(Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
-TheStar