Uber's ex-CEO Travis Kalanick has sold more than $1 billion in stock since lockup expired

Australia News News

Uber's ex-CEO Travis Kalanick has sold more than $1 billion in stock since lockup expired
Australia Latest News,Australia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Kalanick, who was ousted as CEO over concerns that he had fostered an unhealthy workplace environment, sold nearly $900 million worth of Uber shares earlier this month.

Kalanick sold more than $570 million worth of Uber stock over a three-day period this week, according to an SEC filing.Other Uber insiders including CEO Dara Khosrowshahi and co-founder Garrett Camp are also shuffling their holdings.

Travis Kalanick, billionaire and chief executive officer of Uber Technologies Inc., looks on during the Noah technology conference in Berlin, Germany, on Wednesday, June 8, 2016.co-founder and director Travis Kalanick's massive November sell-off of stock in his former company is nearing $1.5 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

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.

Uber's CEO is spending millions on shares as Travis Kalanick cashes out (UBER) | Markets InsiderUber's CEO is spending millions on shares as Travis Kalanick cashes out (UBER) | Markets InsiderUber CEO Dara Khosrowshahi spent $6.7 million on shares of the company on Monday, November 18, SEC filings show.  Khosrowshahi now holds 1....
Read more »

Uber's former CEO Travis Kalanick dumped his stock again — his November selling spree racked up $1.5 billionUber's former CEO Travis Kalanick dumped his stock again — his November selling spree racked up $1.5 billionTravis Kalanick is cashing in on Uber and looking to raise money for his new startup, CloudKitchens.
Read more »

Uber says not in talks with Germany's WirecardUber says not in talks with Germany's WirecardRide hailing company Uber denied a German magazine report on Thursday that it wa...
Read more »

Uber and Lyft driver: 8 ways I can tell someone's a bad passenger - Business InsiderUber and Lyft driver: 8 ways I can tell someone's a bad passenger - Business InsiderBad Uber passengers almost always immediately let you know that they're going to be bad passengers within five seconds.
Read more »

Tesla and Uber draw scrutiny at Senate hearing on self-driving cars: 'That's not safe!'Tesla and Uber draw scrutiny at Senate hearing on self-driving cars: 'That's not safe!'The heads of the National Transportation Safety Board (NTSB) and Highway Traffic Safety Administration (NHTSA) faced questions from senators who were, in turns, excited by the promise of self-driving cars, but concerned about everything from driver and pedestrian safety to traffic.
Read more »



Render Time: 2025-03-10 11:09:19