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Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a dis

Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.

thrav 7y ago
People like to have control over their investment?
TrickyRick 7y ago
Kalanick was ousted, shouldn't come as a shock that he's selling. One would hope that the current CEO believes in the future of the company so that shouldn't be entirely surprising either.
fastball 7y ago
Seems pretty reasonable. Travis is no longer steering the ship, so he gets his money out. Dara is in charge and presumably has confidence in his own abilities, so he buys shares at what are probably a low (given all the controversies and hiccups in the past two years), assuming Uber can actually get to profitability.
- libria 7y ago
  Hundreds of people who are not Uber CEO's are continuing to hold Uber stock. Not controlling a company is not a common reason to sell. The article's implication - that Kalanick is simply pessimistic about his investment in Uber - seems more reasonable.
  - fastball 7y ago
    Diversification. Having 75% of your wealth in a single asset is a terrible idea for anyone except the co-founder/CEO of a business, for whom continuing to have a skewed portfolio can be a signal of confidence. Once you're not longer the person running the show, it makes a lot more sense to diversify, as you probably don't give a damn whether you're signalling confidence or not.
jariel 7y ago
Current CEOs and other c-level buying/selling activities are major signals to the market; it's far beyond just management of their own portfolio, it's inherently political (in the financial sense). Trav can sell without creating too much concern, but many eyes are on Dara.
michalu 7y ago
Could be just an act of politics (boost employee morale, investor confidence, etc.)
aguyfromnb 7y ago
>It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though. Insider stock purchases (price and quantity) have to be disclosed to the SEC. His last purchase was 250,000 shares @ $26.75. https://www.nasdaq.com/market-activity/stocks/uber/insider-activity https://www.nasdaq.com/market-activity/stocks/uber/insider-a... Also interesting to note Travis was able to execute options for $0.61 in May, and turn around and sell the shares at market.

Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.

thrav 7y ago

People like to have control over their investment?

TrickyRick 7y ago

Kalanick was ousted, shouldn't come as a shock that he's selling. One would hope that the current CEO believes in the future of the company so that shouldn't be entirely surprising either.

fastball 7y ago

Seems pretty reasonable. Travis is no longer steering the ship, so he gets his money out. Dara is in charge and presumably has confidence in his own abilities, so he buys shares at what are probably a low (given all the controversies and hiccups in the past two years), assuming Uber can actually get to profitability.

libria 7y ago
Hundreds of people who are not Uber CEO's are continuing to hold Uber stock. Not controlling a company is not a common reason to sell. The article's implication - that Kalanick is simply pessimistic about his investment in Uber - seems more reasonable.
- fastball 7y ago
  Diversification. Having 75% of your wealth in a single asset is a terrible idea for anyone except the co-founder/CEO of a business, for whom continuing to have a skewed portfolio can be a signal of confidence. Once you're not longer the person running the show, it makes a lot more sense to diversify, as you probably don't give a damn whether you're signalling confidence or not.

jariel 7y ago

Current CEOs and other c-level buying/selling activities are major signals to the market; it's far beyond just management of their own portfolio, it's inherently political (in the financial sense). Trav can sell without creating too much concern, but many eyes are on Dara.

michalu 7y ago

Could be just an act of politics (boost employee morale, investor confidence, etc.)

aguyfromnb 7y ago

>It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though. Insider stock purchases (price and quantity) have to be disclosed to the SEC. His last purchase was 250,000 shares @ $26.75. https://www.nasdaq.com/market-activity/stocks/uber/insider-activity https://www.nasdaq.com/market-activity/stocks/uber/insider-a... Also interesting to note Travis was able to execute options for $0.61 in May, and turn around and sell the shares at market.