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Travis Kalanick steps down as Uber CEO

Travis Kalanick has stepped down as CEO of Uber after being allegedly involved in some controversies like widespread allegations of sexual harassment, a lawsuit claiming intellectual property theft from Google’s self-driving car unit, a video showing Kalanick engaging in an argument with a driver and more.

According to a report by The New York Times, a group of major Uber investors demanded Kalanick’s immediate resignation.

“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,” Kalanick said in a statement to the Times.

“Travis has always put Uber first. This is a bold decision and a sign of his devotion and love for Uber. By stepping away, he’s taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber’s history. We look forward to continuing to serve with him on the board.” the company’s board said in a statement.

(Photo source:  Facebook – @Travis Kalanick)