Uber co-founder Kalanick, who was ousted from the company, could be worth up to $8.6 bln after IPO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Uber co-founder Travis Kalanick, who was ousted from the company, could be worth up to $8.6 billion after IPO

Uber co-founder Travis Kalanick, who was booted almost two years ago from the ride-hailing business he built into a global behemoth, still owns 8.6 percent of the company, a stake that could be worth close to $9 billion.

It's been a rocky road to riches for Kalanick, who was celebrated in Silicon Valley for helping start Uber in 2009 and for pioneering a new industry that aimed to modernize the taxi experience for the smartphone era. Kalanick raised billions of dollars for Uber from some of the most notable tech investors to expand the business across the globe and build out a complicated infrastructure that also put the company squarely in the food delivery and shipping markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who could have guessed that he'd pay no price for being an absolute garbage human being.

Result of a God idea! Congrats!

Boo

Bro_Pair The system works!

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:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »