Kalanick Said to Plan Sale of 29% of Uber Stake

The transcript discusses Travis Kalanick's decision to sell a portion of his Uber stake, the implications of this sale, and the transition to new leadership under Dara Khosrowshahi. Kalanick's sale is seen as a move to cash out rather than a loss of confidence in Uber. The new CEO faces challenges in steering Uber away from Kalanick's aggressive culture towards a more compliant and sustainable business model.

What percentage of his stake did Travis Kalanick plan to sell initially?

• 50%

• 29%

• 100%

• 10%

What was one of the main reasons for Kalanick's decision to sell his shares?

• Pressure from SoftBank

• Legal obligations

• Desire to cash out

• Loss of confidence in Uber

What major challenge did Uber face during Kalanick's leadership?

• Employee strikes

• Low market share

• Regulatory issues

• Lack of funding

Who is the new CEO tasked with moving Uber in a different direction?

• Elon Musk

• Tom Giles

• Dara Khosrowshahi

• Travis Kalanick

What cultural change is the new CEO expected to implement at Uber?

• Increased competition with Lyft

• Stricter adherence to regulations

• Faster market expansion

• Focus on technological innovation