What the Strike Ahead of Uber’s IPO Exposes About American Inequality

The instant Uber shares start trading on the New York Stock Exchange Friday, lots of people and groups are going to make millions—and in some cases billions—of dollars. They include Travis Kalanick, the company’s co-founder and ex-CEO, who owns 117 million shares of Uber, the venture capitalist Matt Cohler, who has 150 million shares, and the government of Saudi Arabia, whose sovereign wealth fund owns 72 million shares.

The instant Uber shares start trading on the New York Stock Exchange Friday, lots of people and groups are going to make millions—and in some cases billions—of dollars. They include Travis Kalanick, the company’s co-founder and ex-CEO, who owns 117 million shares of Uber, the venture capitalist Matt Cohler, who has 150 million shares, and the government of Saudi Arabia, whose sovereign wealth fund owns 72 million shares.