Tags: travis kalanick | uber | holdings | stock

Travis Kalanick Is Getting Out of His Uber Holdings Uber Quickly

Travis Kalanick Is Getting Out of His Uber Holdings Uber Quickly

Monday, 16 December 2019 09:09 AM EST

Forget Black Friday or Cyber Monday. Travis Kalanick is having the sale of the century.

The Uber Technologies Inc. co-founder unloaded $350 million more of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended Nov. 6.

The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune, according to the Bloomberg Billionaires Index, down from about 75% before the lockup.

Co-founder Garrett Camp also has reduced his stake, though not on the scale of Kalanick. He’s sold about $35 million of shares (UBER), a fraction of his $2.1 billion holding. Another insider is taking the opposite approach. Chief Executive Officer Dara Khosrowshahi bought about $7 million worth of shares on Nov. 18.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
Forget Black Friday or Cyber Monday. Travis Kalanick is having the sale of the century.
travis kalanick, uber, holdings, stock
126
2019-09-16
Monday, 16 December 2019 09:09 AM
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