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Travis Kalanick
The former CEO recently sold more than $2.5 billion worth of shares in the company, more than 90% of his holdings.
But the ride-hailing pioneer seems to be slowing the bleeding.
"I'm terrible," he muttered, according to a devastating report from Bloomberg.
WHAT'S HAPPENING
Uber has reportedly picked a new CEO to run the ride-sharing company. Dara Khosrowshahi is the former CEO of Expedia and is an outspoken critic of President Donald Trump.
The bar is low, of course.
Dara Khosrowshahi faces a daunting task.
"Kalanick intentionally concealed and failed to disclose his gross mismanagement and other misconduct at Uber," the suit claims.
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