Uber's former CEO Travis Kalanick offloads another 171 million in stock as his massive sell-off continues

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Former Uber CEO Travis Kalanick offloaded another 171 million worth of stock over a five-day period ended Monday, according to an SEC filing.

The sale further distances Kalanick's portfolio from the company he founded. He's sold more than 882 million of shares to date.

Kalanick still holds roughly 1.8 billion worth of Uber stock, with the stock trading around 27 a share on Tuesday.

The former Uber chief has moved on to lead CloudKitchens, a startup that rents out kitchen space to delivery-only restaurants.

The business received a 400 million investment from Saudi Arabia's sovereign-wealth fund in January, the Wall Street Journal first reported on November 7. The investment valued CloudKitchens at about 5 billion.

Watch Uber trade live here.

Former Uber CEO Travis Kalanick sold another 171 million worth of stock from Thursday to Monday, further liquidating his position in the company he founded.

Kalanick offloaded roughly 6.4 million shares over three sales, at an average price of 26.55 per share, according to a Monday SEC filing. His combined sales to date now ring in at more than 882 million.See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:34 of the most dangerous things science has strongly linked to cancerThe chief strategist at a 1.2 trillion investing titan explains why pain for firms like Uber, Peloton, and WeWork is good news for the stock market and helping fend off another tech bubbleWeWork is just the 'tip of the iceberg.' Here's why one market expert thinks Silicon Valley's business model 'is at the beginning of a massive unraveling.'

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