Kalanick sold an additional $164 million in Uber stock this week after selling more than $500 million last week.
Kalanick sold an additional $164 million in shares over a three-day period this week, according to asubmitted to the SEC on Wednesday. The latest filing brings his total sell-off to over $711 million since Nov. 6.
Uber's stock has plummeted to less than $27 per share as of Thursday's opening price since the company debuted in May at $42 per share. The company's market value is now about $45 billion, down from nearly $70 billion at the end of its first trading day. Kalanick still owns more than 71 million shares in Uber, according to the latest filing.
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