Travis Kalanick is having the sale of the century. The Uber Technologies Inc. co-founder unloaded $350 million of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended Nov. 6. Co-founder Garrett Camp also has reduced his stake, though not on the scale of Kalanick. AdvertisementShares of Uber rose 5.5% to $30.05 after the Wall Street Journal reported that the firm was in talks to sell its Uber Eats business in India. Uber also faces problems related to sexual assault and a fatal crash involving a self-driving car in Arizona.

Source: Los Angeles Times December 16, 2019 19:30 UTC