Co-Founder of Uber plans to sell 29% of his stake

Former CEO of Uber, Travis Kalanick, aims to sell 29% of his stake in the industry disrupting ride-sharing app. Kalanick currently holds 10% of the company, and offered to sell up to half of his shares. The deal will net Kalanick around $1.4 billion in the sale to SoftBank Group Corp. and a group of unnamed investors. Once complete, the sale will make Kalanick officially a billionaire for the first time. Last year, Kalanick stepped down as CEO when public controversy and governmental investigations focused on how Uber is operated.

Follow us on social media for the latest updates in B2B!

Latest

Grocery Store Prepared Meals
Consumers Want More Grocery Store Prepared Meals. How Should Grocers Adapt?
December 6, 2022

The consumer dollar has spoken: the best thing since sliced bread is sliced turkey. A new FMI report, the FMI Power of Foodservice at Retail, seems to show that deli-prepared food purchases are up 9.3% compared to 2019 numbers and up 2.4% year-over-year in unit sales. It’s clear that consumer appetite for grocery store prepared […]

Read More
Robotics in Early Learning Can Be Essential in How Students React to STEM Literacy
December 6, 2022

Early learning robotics can be essential in how students react to STEM literacy and with large gaps In STEM achievement persisting across the U.S., access to technological resources can make a significant impact. K-12 education was disrupted by the COVID-19 pandemic, but the disruption could be mitigated by introducing the latest and innovative technology into […]

Read More
The European Space Agency Lunar Launch Programs and Service Initiatives to Watch in 2023
December 6, 2022

The European Space Agency is making strides in its efforts to commercialize space, with a focus on sustained exploration. What are they doing to achieve this? According to the ESA, it all starts with service initiatives. A recent panel discussion at the Space Tech Expo in Bremen, Germany revealed that the ESA is growing its […]

Read More