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Travis Kalanick sold a massive chunk of his Uber stake as he scales up his next act - Business Insider

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Travis Kalanick sold a massive chunk of his Uber stake as he scales up his next act

Uber's former chief executive and ousted founder Travis Kalanick cashed out a massive chunk of his stake in the ride-hailing giant last week as the company's post-IPO lockup period expired.

. The company is now less valuable than it was in 2015, well before its public offering, leaving even some private investors from later rounds underwater. Shares are now down 36% since the IPO

 

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