Uber founder Travis Kalanick steps down from the company's board of directors

The controversial founder and former CEO of Uber, Travis Kalanick leaves the company's board of directors, Techcrunch reported. It seems that Mr. Kalinick has sold all the stock he had in the hail department

Kalanick, who was expelled as CEO of Uber and ultimately replaced by Dara Khosrowshahi by shareholder action, with the support of the board of directors, in 2017, was selling his considerable stake in the company through successive sales of its shares. Last week, Kalanick sold around $ 383 million in shares and cut its overall stake to less than 10%, according to a filing with the SEC. UPDATE 7:35 AM PT: In fact, it appears that Kalanick has actually sold all of his remaining stock, with SEC filings expected to appear on the web likely after the Christmas holidays, according to the FT. Share sales began when Uber's restriction on the sale of shares to private investors and employees expired six months after the company went public.

: Uber founder Travis Kalanick steps down from the company's board of directors

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