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Former Uber CEO and cofounder Travis Kalanick with his father, Donald Kalanick, at the New York Stock Exchange on May 10, 2019.

Travis Kalanick sold a massive chunk of his Uber stake as he scales up his next act

The ousted chief executive appears to be actively raising money for his next act — delivery-only restaurants — as Uber's post-IPO lockup period ends.
A Tesla Model S at the Nürburgring race track

Introducing ‘Shifting Gears’: Business Insider’s weekly transportation newsletter

From electric vehicles, to ride-hailing, airlines, and more, we'll bring you all the weekly highlights straight to your inbox.
Uber CEO Dara Khosrowshahi said in an interview with "Axios on HBO" that the murder of journalist Jamal Khashoggi was "a mistake."

Uber CEO Dara Khosrowshahi said Jamal Khashoggi’s murder was ‘a mistake’ by the Saudi government

The Uber executive made the comments during an interview with "Axios on HBO" but later clarified that Khashoggi's murder "should not be forgotten or excused."
SoftBank Group chairman Masayoshi Son at a press conference on November 6 in Tokyo.

Softbank is getting exactly what it deserves, and it’s thanks to something way bigger than WeWork

Softbank made investments hoping that its companies would turn into monopolies — a precarious bet. Thankfully for consumers it isn't paying off.
Travis Kalanick is worth $5.45 billion.

Former Uber CEO Travis Kalanick has reportedly raised $400 million from Saudi Arabia for a new startup. Here’s how he spends his $3.2 billion fo...

Formerly the CEO of Uber, Travis Kalanick has no clear ventures into philanthropy. Here's how he spends his $3.2 billion fortune.

SoftBank has taken serious heat for its WeWork and Uber losses — but one Wall Street analyst says the company will recover from here

The Japanese telecommunications company reported a $6.5 billion operating loss for the recent quarter.
A piece of concrete that reportedly fell from a bridge and hit an Uber driver's car in New York City.

An Uber driver is suing New York after he said over 25 pounds of concrete fell from a bridge, smashed his windshield, and left him covered in glass

The Uber driver is seeking $10 million in damages and an additional $20,000 for the damage inflicted on his vehicle, WABC-TV reported.

Uber founder Travis Kalanick has reportedly raised $400 million for his next act from Saudi Arabia. He’ll be competing directly with his old com...

The ousted executive plans to ride the wave of "virtual restaurants," which are set up for delivery only. He's not alone in that venture.

PayPal invested $500 million in Uber’s IPO. The company has lost $215.7 million on that investment since.

The loss weighed on PayPal's quarterly earnings, and the company said it will change its accounting to exclude the impact of investments like Uber.

Uber short-sellers made $270 million in just 2 days as the stock plunged to record lows

The mark-to-market profits Uber shorts logged in two days is about 43% of their year-to-date returns of $640 million, according IHS Markit data.