Travis Kalanick sells $2.5bn Uber stock exit
FT: Travis Kalanick has sold the vast majority of his stake in Uber, liquidating more than $2.5bn worth of stock in less than two months Why is he bailing now when the stock is so low? Is this the end, of old uber, my friend?
My friends who joined early with 7 digits in stock all bailed too. At some point you cash it in and diversify your risk. Makes no sense to bet the farm on Uber even if it could do well.
Following your logic Jeff B and Bill G should have also sold major parts of their stakes in A/M, but they didn’t.
They were still in control. It's different, I should think.
He can use the money to make other things, why wouldn't he?
This is what I'm thinking - he's investing in a new business
His cost basis is probably zero, company has boatloads of risks that could sink it, once you have 2.5B does it really matter if it could have been 3.5B......totally logical to diversify....
Oh man, you better take Dara back.
I'll be sure to mention that to Diller
Divorce?
Because he's smart or has a smart advisor. What do you mean why?
love a good shakeup. 🍿🤓
If I were him, I will do the same to balance risk and invest in my own company. Economy is shaky, political environment is not promising either (both external with China or internal with impeachment, election etc)
End of UBER!
Not sure if Uber is gonna fail as creating another ride hailing brand of this stature is gonna take more time