Why an Uber founder has just sold an impressive share of shares

Uber has actually been struggling with unpleasant situations recently, and among them involves one of the company’s owners.

Travis Kalanick is just one of the creators of the company that offers ridesharing services. In the second half of November, it sold shares of the firm worth over $ 570 million over a duration of simply three days. Far, Kalanick has actually marketed shares completing over $ 1.4 billion.

The most recent sale reveals us that the 43-year-old business owner has less than 45 million shares in the company.

Why would certainly the Uber creator have given up on these activities?

In 2017, Travis Kalanick resigned as CEO of the business after a shareholder uprising. They implicated him of urging an undesirable workplace. They all come from claims of unwanted sexual advances as well as discrimination while he was CEO of the firm.

The most recent shares of former Uber CEO shares show that he has other strategies. Still on the firm’s board, sales suggest that this would certainly no much longer be Kalanick’s number one concern.

Still, he still owns even more than $ 2 billion in shares in the business. CEO Dara Khosrowshahi acquired shares of over 6 million bucks in the same month.

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