Travis Kalanick Is Exiting His Uber Holdings Uber Quickly

Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly by williamdclt on Monday December 16, 2019 @11:18AM (#21804128)

I don't agree with this logic: you can be confident but prudent. Self-confidence leads to bias, I wouldn't consider it a bad sign that the co-founder stays prudent.

However, going from 75% to 20% means that something changed, and that's not a good sign

[ Parent | on HN ]

Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly by DuskStar on Monday December 16, 2019 @11:21AM (#21804150)

I'm pretty sure the thing that changed was that he was allowed to sell...

[ Parent | on HN ]

Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly by kjs3 on Monday December 16, 2019 @12:26PM (#21804863)

What do you think changed for the worse beyond he's no longer part of the company, no longer party to the 'inner circle' decision making, and no longer has a vested interest in maintaining the perception everything is perfect?

[ Parent | on HN ]

Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly by OnlineGladiator on Monday December 16, 2019 @12:42PM (#21805039)

Uber's stock price has been steadily falling since it went public. There are many people who believe it still has a long way to fall.

[ Parent | on HN ]

Re:Travis Kalanick Is Exiting His Uber Holdings Uber Quickly by thisisnico on Monday December 16, 2019 @11:22AM (#21804159)

When most of your net worth is tied to a stock of a single potentially volatile company like UBER, you sure as hell want to sell that off and diversify your portfolio. He's not involved with the company any-longer, he has no reason to keep his stock. If he was still in-charge I get that you want to display confidence in the business and keep the stock.

TLDR: Most of your net worth in a single stock is insane.

[ Parent | on HN ]