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Travis Kalanick To Resign From Uber Later This Month After Dumping Billions In Stock

Travis Kalanick To Resign From Uber Later This Month After Dumping Billions In Stock

4 years ago
Anonymous $mKxHd64frN

https://wccftech.com/uber-travis-kalanick-stock-resign/

Uber's co-founder and former chief executive officer Mr. Travis Kalanick has been busy unloading the company's stock. Ever since Uber's post-IPO stock lockup expired last month, the executive has dumped more than 90% of his holdings in the company. Now, Mr. Kalanick's journey with Uber has come to an end, as the company has formally announced that he is exiting its board of directors. Take a look below for more details.

In a press release, Uber Technologies (NYSE:UBER) has confirmed today that its former chief executive Travis Kalanick will part ways with the company by resigning from its board of directors on the 31st of this month. Mr. Kalanick served as Uber's top boss until 2017 when he was forced to step down due to investor pressure. The move came at a time when sexual harassment allegations started to surface at Uber, and investigations in the company's work culture led to 20 employees being let go.