Travis Kalanick Severs All Ties With Uber, Departing Board and Selling All His Shares

DEAD7

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Travis Kalanick Severs All Ties With Uber, Departing Board and Selling All His Shares


Former Uber CEO Travis Kalanick will step down from the board, effective Dec. 31, and a spokesperson said Tuesday he has sold all of his stock in the ride-hailing company he co-founded 10 years ago. It's unclear how much Kalanick's total stake is worth, but the latest public filings show it's about $2.5 billion. In a statement Tuesday, Uber said Kalanick, 43, is leaving to "focus on his new business and philanthropic endeavors." Kalanick is launching latest venture, CloudKitchens, which rents out space to restaurateurs for delivery-based businesses. Uber did not say who will fill Kalanick's board seat. An Uber spokesperson said the ride-hailing company has "strong director candidates to put forward at the appropriate time."
 

Dorian Breh

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Travis said Catch Me If You Can :leostare:

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These valuations are corporate thugging :pachaha:
 

winb83

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$2.7B in retirement in your bank account I'd never work again Real Talk...:whew::whoo:
People seemingly dream of never working again but rich people like that work. You can't just sit around and not work. He's got those ghost kitchens he's looking to fund so he's probably gonna pump money into that.
 
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