Uber co-founder, former CEO Travis Kalanick severs last ties with company

Travis Kalanick
(Image credit: Getty Images)

Travis Kalanick, co-founder and the former CEO of Uber, is finally cutting his last ties with the company.

Kalanick is reportedly stepping down from his position on the company's board of directors and will sell his remaining shares in the company this week, The New York Times reports. Kalanick was ousted as Uber's CEO in 2017, and since then has sold more than $2 billion of his shares in the company, per the Times. His remaining shares will be sold on Thursday, and his departure from the board will be effective Dec. 31.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Marianne Dodson

Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.