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Uber CEO Travis Kalanick Resigns Amid Pressure From Investors!

Uber CEO Travis Kalanick Resigns Amid Pressure From Investors!

Uber founder Travis Kalanick has resigned as CEO of the ride-sharing company.

Kalanick, who has been with the company since he helped create it in 2009, was forced out by Uber’s investors, reports The New York Times.

After meeting with investors of the company this week, he agreed to step down to help move the company in a new direction.

“I love Uber more than anything in the world, and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight,” said Kalanick in a statement to NYT.

Just last week, Kalanick had announced that he would be taking a leave of absence as the company implemented changes to improve its workplace culture, which was set in motion after a series of sexual harassment allegations.

Credit: Billboard

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June 21st, 2017

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