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Travis Kalanick quits Uber’s board, sells off all his Uber stock

Travis Kalanick quits Uber’s board, sells off all his Uber stock

5 years ago
Anonymous $mKxHd64frN

https://arstechnica.com/tech-policy/2019/12/travis-kalanick-quits-ubers-board-sells-off-all-his-uber-stock/

Travis Kalanick is leaving the board of Uber, the company he cofounded a decade ago and ran until his 2017 ouster. A spokesperson told CNBC that Kalanick has sold all of his remaining Uber stock, estimated to be worth around $2.5 billion.

Three years ago, Kalanick was CEO of Uber and the undisputed master of the ride-hailing company. The company's board of directors was organized to give Kalanick outsized influence. But a series of scandals in early 2017 fatally weakened Kalanick's power. An investor revolt led by the venture capital firm Benchmark led to his ouster in June 2017.