Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
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Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#2Interesting that the currrent CEO is buying Uber stock while founders are dumping it.
It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#3Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
People like to have control over their investment?
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#4Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
Kalanick was ousted, shouldn't come as a shock that he's selling. One would hope that the current CEO believes in the future of the company so that shouldn't be entirely surprising either.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#5Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
Seems pretty reasonable. Travis is no longer steering the ship, so he gets his money out. Dara is in charge and presumably has confidence in his own abilities, so he buys shares at what are probably a low (given all the controversies and hiccups in the past two years), assuming Uber can actually get to profitability.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#6From TFA:
> The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune, according to the Bloomberg Billionaires Index, down from about 75% before the lockup.
To be fair, if I had 75% of my net worth in a single asset, I'd also try to diversify. My wife and I both have lots of stock in the companies we work for, due to RSUs and employee stock purchase programs; and although we both believe our companies are a good investment overall, we regularly sell shares just so that we don't have so many of our eggs in those two baskets. 20% is a perfectly reasonable target I think.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#7Travis Kalanick and Adam Neumann should co-author a book entitled "Making Billions - No Profitability Required".
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#8Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
Current CEOs and other c-level buying/selling activities are major signals to the market; it's far beyond just management of their own portfolio, it's inherently political (in the financial sense).
Trav can sell without creating too much concern, but many eyes are on Dara.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#9man knows when to jump ship. not a big surprise indeed.
Re: Travis Kalanick Is Exiting His Uber Holdings Uber Quickly
#10Travis Kalanick and Adam Neumann should co-author a book entitled "Making Billions - No Profitability Required".
There are many, many more that belong on that list. Becoming a paper billionaire without profit isn't restricted to the companies we love to hate.