https://wccftech.com/uber-travis-kalanick-dumps-more-shares/

Earlier today it was revealed that New Jersey's Department of Labor and Workforce has sent Uber and its subsidiary Raise LLC a letter stating that the companies owe the state approximately $560 million in unemployment taxes. Uber (NYSE:UBER), the state alleges, is misclassifying its drivers and as a result, has been avoiding taxes. Now, Uber's former CEO and co-founder Travis Kalanick is back in the spotlight after an SEC filing reveals that he isn't done dumping the company's stock.

Last week, after Uber's post-IPO stock lockup expired, the company's trading volume jumped to 10 times the average daily volume. By the week's end, an SEC filing revealed that Travis Kalanick, Uber's former top executive had offloaded 20 million shares worth $540 million over the course of the week. This reduced Mr. Kalanick's stake in the company to 4.5% and now, we've learned that he isn't done selling the stock.