Travis Kalanick (Photo courtesy: Twitter/@travisk)
Travis Kalanick (Photo courtesy: Twitter/@travisk)

Travis Kalanick is getting out of his Uber holdings uber quickly

The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune.

Forget Black Friday or Cyber Monday. Travis Kalanick is having the sale of the century.

The Uber Technologies Inc. co-founder unloaded $350 million more of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended Nov. 6.

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.

Co-founder Garrett Camp also has reduced his stake, though not on the scale of Kalanick. He’s sold about $35 million of shares, a fraction of his $2.1 billion holding. Another insider is taking the opposite approach. Chief Executive Officer Dara Khosrowshahi bought about $7 million worth of shares on Nov. 18.

This story has been published from a wire agency feed without modifications to the text.

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