The co-founder of the ride-hailing giant has sold more than $2.
5 billion of stock in the past seven weeks, more than 90% of his stake—a pace that if continued could see him sold out entirely in the coming days. Mr. Kalanick, the former chief executive, was pushed out of that role by investors in 2017.
rustybroo
The Kalanick $Uber plan
Here’s the chart $UBER
One of the greatest Ponzi schemes of all time! Burned their way through over $30 Billion of investors money! Including Saudi Arabia never got close to turning a profit but original schemer walks away a multi Billionaire!😳 Surely somebody in the USA is looking into this?
EdwardEricsonJr
There Should be more than 29 ❤️ likes for this billionaire🤔 wsj you have small audience 🤣
'started selling his shares in early November and has unloaded more than 90% of his stake' 😂 Bye Uber~ He's gonna invest his money in the kingdom of new businesses. Good wishes to him~
Guess someone is buying
A company that loses money every year has created billionaires while the working class is exploited. Anyone who drives for Uber or Lyft is a fool.
Just riding the wave, baby.
SEC needs to arrest this POS.
It’s really depressing that a piece of garbage like Travis kalanick had 2.5b in stock to cash in in the first place
Of course because his drivers are murdering customers!
Pump & Dump , just like WeWork
He knows it's gonna tank...
So the guys pretty smart then... If the laws & regulations we’re seeing in CA & internationally continue, what chance does a company currently losing $1.2 billion a year have long term... its not like things will get easier based on current trends.
So how many % Jay Z has now ($200M+ in shares). Did he sell all 90% to a single person?
Wise decision, sell while you can still find a greater fool
The grift nears completion scavengereconomy
So happy Uber and Lyft (horrible company) will continue to lose $$$ and punish investors
The business worth nothing as WE COMPANY.
Good for him
Wall Street passed some real losers in 2019 IPO market. Some of these companies will never make money.
Uber co-founder Travis Kalanick cuts stake in company by 90%.❣️🤣❤️🇺🇸💋👠⭐️
Glorified taxi dispatcher is incredibly overvalued. Guess who knows this?
Yeah that's a business you want to own..
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