sells off over a half-billion dollars worth of Uber shares as ...

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Uber founder pockets over a half-billion dollars as he unloads company shares on same day stock price hits new low sold over 20 million shares in Uber last week after restrictions were lifted on the company's outstanding shares  He pocketed $547 million in the process, while Uber's share price dropped to a new low of $25.58 on Wednesday  Kalanick still owns over 75 million shares of company stock, worth over $2 billion He celebrated the sale by hitting up a Lakers game with a mystery woman, but spent much of his time glued to his phone  It was reported last week that Kalanick had accepted a $400 million for his new start-up Cloud Kitchens from Saudi Arabia's Public Investment Fund 

By Chris Spargo For Dailymail.com

Published: 19:21 GMT, 11 November 2019 | Updated: 19:21 GMT, 11 November 2019

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The founder of Uber sold off over 20 percent of his share in the company last week, pocketing over $500 billion in the process.

began selling off his shares on Wednesday, the same day that trading restrictions were lifted on the company's outstanding shares.

He then continued to sell large chunks of stock on Thursday and Friday, offloading just 20 million shares in total for a profit of just under $547 million.

Laughing all the way to the bank: Travis Kalanick (above on Friday with a mystery woman) sold over 20 million shares in Uber last week after restrictions were lifted on the company's outstanding shares

Laughing all the way

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