Stories

Uber floors Travis Kalanick on IPO day

Illustration: Lazaro Gamio/Axios

Uber CEO Dara Khosrowshahi has decided against inviting predecessor Travis Kalanick to join him on the New York Stock Exchange balcony during next Friday's bell-ringing ceremony, according to multiple sources.

Details: Instead, Kalanick has been offered to be on the NYSE floor, alongside other company directors. No word yet on if he plans to attend.

Why it matters: Kalanick co-founded Uber and led the majority of its growth before being forced out in mid-2017. He had asked during a recent board meeting to participate in the bell-ringing, alongside Khosrowshahi and a group of longtime Uber executives and drivers, but Khosrowshahi was noncommittal at the time.