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Like other early investors, Goldman Sachs was prohibited from selling its shares until Uber's post-initial public offering lockup expired in November.
Former Uber CEO Travis Kalanick is leaving the company’s board after selling billions of dollars worth of stock
The former CEO's exit will be effective December 31, the company said in a statement. Kalanick has been rapidly selling Uber stock in recent months.
Former Uber CEO Travis Kalanick has been cashing in shares since early November. Here’s why his next sale may be his last.
Kalanick has offloaded as much as 10 million shares in a single day, signaling his next sale could liquidate the rest of his Uber position.
Former Uber CEO Travis Kalanick cashes in another $383 million of stock, further shrinking his stake in the company he founded
Kalanick has sold a total of $2.4 billion worth of Uber stock over the last few months as he distances himself from the rideshare giant.
Former Uber CEO Travis Kalanick cashes in another $166 million of stock as he further distances himself from the rideshare giant
The mid-December offloading brought Kalanick's total sale to more than $2.1 billion, but the former Uber CEO still holds about 21 million shares.
"Investors got really turned off," said Kathleen Smith, principal at Renaissance Capital. "I'll call it a buyer's strike."
Uber’s former CEO Travis Kalanick cashes in another $93 million in stock as he separates himself further from the rideshare giant
The latest sell-off brings Kalanick's combined sales to $1.8 billion, though he still holds roughly 33 million Uber shares.
Dara Khosrowshahi, Uber's CEO, now holds 1.53 million shares of the company, roughly 0.09% of the shares outstanding.
One of Wall Street’s top tech analysts explains why it’s time for Uber’s stock to be inducted into the elite FANG group
According to RBC Capital Markets analyst Mark Mahaney, if Uber achieves profitability the stock could outperform over the next three to five years.
Uber’s former CEO Travis Kalanick offloads another $171 million in stock as his massive sell-off continues
Kalanick's total stock sales through November now total more than $882 million, but he still holds roughly $1.7 billion worth of Uber shares.