Uber CEO Travis Kalanick resigns

uber ceo

Just a week after taking an indefinite leave of absence, Uber founder Travis Kalanick has resigned as CEO. The latest development was first posted by the New York Times.

According to the report, five of Uber’s major investor demanded Kalanick’s immediate resignation earlier Tuesday. In a letter to the NYT Kalanick wrote, “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”. After hours of discussion, Kalanick agreed to resign, though he will continue to hold a position on Uber’s board.

The move comes from Kalanick following several controversies at Uber and also his mother’s death late last month.


Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+