<story><title>Travis Kalanick Is Exiting His Uber Holdings Uber Quickly</title><url>https://www.bloomberg.com/news/articles/2019-12-16/travis-kalanick-is-getting-out-of-his-uber-holdings-uber-quickly</url></story><parent_chain></parent_chain><comment><author>gwd</author><text>From TFA:&lt;p&gt;&amp;gt; The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune, according to the Bloomberg Billionaires Index, down from about 75% before the lockup.&lt;p&gt;To be fair, if I had 75% of my net worth in a single asset, I&amp;#x27;d also try to diversify.  My wife and I both have lots of stock in the companies we work for, due to RSUs and employee stock purchase programs; and although we both believe our companies are a good investment &lt;i&gt;overall&lt;/i&gt;, we regularly sell shares just so that we don&amp;#x27;t have so many of our eggs in those two baskets.  20% is a perfectly reasonable target I think.</text></comment>
<story><title>Travis Kalanick Is Exiting His Uber Holdings Uber Quickly</title><url>https://www.bloomberg.com/news/articles/2019-12-16/travis-kalanick-is-getting-out-of-his-uber-holdings-uber-quickly</url></story><parent_chain></parent_chain><comment><author>duxup</author><text>My questions about the viability of Uber aside, I stick to the story I&amp;#x27;ve heard repeated in many forms &amp;quot;executives sell shares for any number of reasons, but only buy for one reason&amp;quot;.&lt;p&gt;Accordingly I don&amp;#x27;t put much meaning behind stories about an executive selling.</text></comment>