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In the weeks leading up to this announcement, Kalanick sold off more than $2.5 billion of Uber stock holding, which amounted to about 90% of his shares. [118] Following the sale, in 2017, Kalanick was ranked 238th on the Forbes 400 list of richest Americans, with a net worth of $2.6 billion.
This is an accepted version of this page This is the latest accepted revision, reviewed on 3 January 2025. American ridesharing and delivery company For other uses, see Über and Uber (disambiguation). Uber Technologies, Inc. Headquarters in Mission Bay, San Francisco Formerly Ubercab (2009–2011) Company type Public Traded as NYSE: UBER DJTA component S&P 500 component Industry ...
Expedia, which owns the eponymous travel-booking website as well as Hotels.com and Vrbo, would be Uber's biggest acquisition. The company's market value rose to over $20 billion early Thursday ...
Shares of Uber Technologies (NYSE: UBER) fell 9.6% in today's trading. At first it may seem odd for Uber to be falling, as the company didn't make any major announcements today.
Investors are bearish on Uber stock. Uber stock's recent tumble began on Dec. 5 when Alphabet's Waymo announced it would be expanding to Miami. The self-driving vehicles could be available for ...
By that time, Travis Kalanick had invested $300 million in the company; he sold $1.4 billion of his Uber stock by May 2019. [12] [13] Sources noted Kalanick's ties to Saudi Arabia, which includes Kalanick serving on an advisory board for Neom, Saudi Arabia's plan to build a futuristic "mega city" in the desert. [14] [15] [16] [13]
Image source: Getty Images. Uber and Lyft both went public in 2019. At the time of this writing, Uber's stock trades 36% above its IPO price of $45, but Lyft's stock has tumbled more than 80% ...
The firm's most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. [2] In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019 and $9.4 billion in 2023.