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Uber’s co-founder and former CEO Travis Kalanick sold off close to $166 million shares over the past three days, continuing to offload his stake in the ride-sharing giant (UBER)

Travis Kalanick

  • Uber’s co-founder and former CEO Travis Kalanick continues to cash out his stake in the ride-hailing company, selling off close to $166 million worth of shares this week.
  • The ousted chief executive has sold off a little more than $2 billion worth of Uber stock since the company’s post-IPO lockup period in early November, an act that has rapidly liquidated his stake in the company.
  • Kalanick holds a little more than 21 million shares in the company as of December 13th, which is less than a quarter of his original stake in the company.
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    Source:: BusinessInsider.Com