Travis Kalanick Sells 20% of His Stake in Uber After Lockup

Understandable given where the company is. The unit economics don't work without autonomy. Maybe it works in its original rendition as an on-demand black cab service, but not as a general-purpose transportation provider.

I understand the controversy behind Kalanick. I really do think that if he were still at the helm, Uber would be in a different (read: better) position than it's at currently. It's surprising how common these founder narratives tend to be. The meteoric rise to stardom, the fall, the schadenfreude, then in some cases a rise again.

As far as Kalanick goes, I suspect he's currently underrated. I'm cautiously optimistic that his new venture, Cloud Kitchens, will be a success.

At least he made it out with something before it really crashes.