Does Travis Kalanick Still Own Uber? The Shocking Truth

Travis Kalanick, the co-founder of Uber, sold all of his shares in the company in late 2019. He held about 4% of Uber’s stock at the time, which he sold for over $2.5 billion before taxes. This move marked a significant departure for Kalanick, who had been a driving force behind Uber’s early success.

The sale came after a tumultuous period for Kalanick and Uber. In 2017, he stepped down as CEO amid a series of scandals and controversies. These included allegations of a toxic workplace culture, sexual harassment, and a lack of transparency about the company’s practices. Kalanick’s departure was seen as a necessary step for Uber to move forward and regain the trust of its users and investors.

Although he sold his shares in Uber, Kalanick remains a prominent figure in the tech industry. He has continued to invest in startups and is also involved in various philanthropic efforts. His exit from Uber was a defining moment for the company, representing a shift in leadership and a commitment to a new direction.