Bill Ackman, founder and Chief Executive Officer of Pershing Square Capital, has explained why he sold his Alphabet (NASDAQ:GOOG) stock in favor of Microsoft (NASDAQ:MSFT).
Bill Ackman Explains His Thesis Of Selling Google Stock To Buy Microsoft
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Earlier this week, we reported that Ackman had bought Microsoft shares, explaining that he believed that the company was compellingly cheap. He bought shares worth over $2 billion.
What he did not explain at the time was why he sold Google shares, which he had accumulated for months. In an X post, Ackman said that he was not betting against Google.
