Uber CEO Dara Khosrowshahi and co-founder Garrett Camp take a selfie photograph on the trading floor of the New York Stock Exchange during the company's IPO in New York.Uber
, now a decade old, went public back in May on the New York Stock exchange, but has disappointed investors in the five months since. Co-founders Travis Kalanick and Garrett Camp began cashing out hundreds of millions of dollars worth of stock this month as the company's lockup period expired. The cash outs provide a perfect opportunity to revisit "UberCab"'s original pitch to investors more than 10 years ago. Uber founder Garrett Camp cashed out roughly $13 million of his massive stake in the company this week, according toThe sale of 8,462,352 shares was worth $13,538,023, the filing shows, and will still leave the entrepreneur with a roughly 4.75% stake in the company.
Last week, Camp's co-founder and Ubers famously ousted former chief executive Travis Kalanick began selling some of his stake as well, on a much grander scale. Kalanick, who's working to build a
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Source: BusinessInsider - 🏆 729. / 51 Read more »