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Looks like there were a lot of people looking to cash out, since he was unable to sell 50% like initially offered [1] [1] https://twitter.com/EricNewcomer/stat
by ProfessorLayton 9y ago
Looks like there were a lot of people looking to cash out, since he was unable to sell 50% like initially offered [1]
[1] https://twitter.com/EricNewcomer/status/949095493052768256 https://twitter.com/EricNewcomer/status/949095493052768256
Still, a 1.4B cash out is $437,363 per day return for Kalanick. Wow!
- kjksf 9y agoAccording to the article, the limit is not because Softbank and others were not willing to buy more but because Softbank and others could not buy more. Presumably because other investors didn't want Softbank to buy too much shares and gain too much control over Uber. In other words, Softbank bought as much as they possibly could.