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Goldman Says It Sold Out of Uber Stake After IPO Lockup Expired

A traveler uses a smartphone in front of a vehicle displaying Uber Technologies Inc. signage at the Oakland International Airport.
Photographer: David Paul Morris/Bloomberg

Goldman Sachs Group Inc. has sold off its stake in Uber Technologies Inc. after the ride-hailing startup’s disappointing initial public offering in 2019.

Chief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday that it closed its position in Uber in the fourth quarter last year.