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Even Uber Founder Travis Kalanick Has Lost Faith in the Rideshare Giant

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Uberserge
1279 Rider Driver
 Posted 9 months ago

Last week, Uber co-founder and ousted CEO Travis Kalanick sold more than $500 million worth of Uber shares as soon as the company’s 180-day lockup period expired, meaning that early investors and insiders were allowed to cash out their holdings.

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    actingfool
    76
     9 months ago

    I thought he unloaded his shared because he has a new venture? Probably needs cash for that. This seems like a stretch.

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      Uberserge
      OP 1279 Rider Driver
       9 months ago

      No he doesn't need cash for that, he just got funded by the Saudis to the tune of 400 million at a valuation of 5 billion