Uber co-founder Travis Kalanick has sold over the past few weeks shares in the lift-sharing platform worth more than $US2.5 billion ($3.6 billion), or more than 90 per cent of his shares, the Wall Street Journal reports
Uber co-founder Travis Kalanick has sold over the past few weeks shares in the lift-sharing platform worth more than $US2.5 billion , or more than 90 per cent of his shares, the Wall Street Journal reports.
For now Kalanick's reasons for selling off his participation in the lift-sharing service he co-founded, and which he was forced to leave in 2017 under pressure from investors due to a number of scandals within Uber, have not been explained.resigned after being sued for fraud as well as hit with accusations about the sexual harassment and discriminationThe company was first traded on the stock market last May, with one of the largest public share offers in the history of the tech industry.
Uber's problems to a large extent reflect the market's concern about the company's inability to pump out profits and the battles it has with a number of regulators.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine military aid frozen 90 minutes after Trump spoke to ZelenskyAbout 90 minutes after US President Donald Trump spoke with President Volodymyr Zelensky of Ukraine, the White House ordered the Pentagon to suspend all military aid to Ukraine, according to emails released following a freedom of information request
Read more »
Australians shun My Health Record with only 9 per cent ever logging inMedical specialists, pathologists and patients are shunning the federal government's $1.7 billion My Health Record system with only a small minority accessing the digital health records almost a year into its rollout.
Read more »
After much delay, Afghanistan’s president poised to win majority in electionAfghanistan's President Ashraf Ghani has won 50.6 per cent of a preliminary vote count after the September election
Read more »
More students go private but expert says tide is far from turningOne in 10 Australian children switch to private school in year 7, a migration that has become more pronounced in the past two decades.
Read more »
Ukraine military aid frozen 90 minutes after Trump spoke to ZelenskyAbout 90 minutes after US President Donald Trump spoke with President Volodymyr Zelensky of Ukraine, the White House ordered the Pentagon to suspend all military aid to Ukraine, according to emails released following a freedom of information request
Read more »
'Miracle' if more homes are not lost: Green Wattle Creek fire | Sky News AustraliaThe emergency Green Wattle Creek fire is expected to reach more towns and break containment lines with 90 kilometre winds expected.\n\nThe Rural Fire Service has said it will be a “miracle” if more homes are not burned in the Green Wattle Creek fire with the blaze so far burning through 185,000 hectares.\n\nImage: News Corp Australia
Read more »