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Billionaire investor Dan Loeb reveals Shell stake in push to break up the oil major - and trumpets his Upstart and Rivian bets

1 month ago   |   By Business Insider

Dan Loeb.
REUTERS/Steve Marcus
Dan Loeb disclosed a position in Shell and called for the oil major to be broken up.
The billionaire investor touted his Third Point fund's bet on Rivian, the electric-vehicle startup.
Loeb cautioned that less monetary and fiscal support could weigh on asset prices in 2022.
Billionaire investor Dan Loeb revealed a stake in Royal Dutch Shell , trumpeted his bets on Upstart and Rivian , and warned stocks could come under pressure in 2022 in his third-quarter letter to investors. Loeb's Third Point built a roughly $750 million position in Shell, Reuters reported...
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