Travis Kalanick Dumps More Uber Stock As Spokesperson Confirms The Inevitable
https://wccftech.com/travis-kalanick-uber-stock-sale/
Earlier today Uber Technologies (NYSE:UBER) announced that its former chief executive officer and co-founder Mr. Travis Kalanick will resign from the company on the 31st of this month. The announcement comes after the former chief executive has dumped more than $2 billion worth of holdings in the company that he helped create with Canadian Garett Camp. Now, a fresh filing with the Securities and Exchange Commission has revealed that Mr. Kalanick sold more stock last week. Take a look below for more details.
Prior to Uber's initial public offering earlier this year, Travis Kalanick held 117.5 million shares of the company's stock. He has, since then, sold 112 million of these as per a Securities and Exchange Commission filing yesterday. As per the details. Mr. Kalanick's current holdings in Uber amount to 5,833,401 shares of the company.