Uber Co-Founder Travis Kalanick Cuts Stake in Company by More Than 90%
Travis Kalanick’s ride at Uber Technologies Inc. is nearing an end.
The co-founder of the ride-hailing giant has sold more than $2.5 billion of stock in the past seven weeks, more than 90% of his stake—a pace that if continued could see him sold out entirely in the coming days. Mr. Kalanick, the former chief executive, was pushed out of that role by investors in 2017.
The...
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