21 JUN

Uber investors reportedly push CEO Travis Kalanick out of company

Travis Kalanick has resigned his post as CEO of Uber following investor pressure, according to a report from the New York Times.

Kalanick’s resignation came after five of the company’s investors sent a letter to Uber saying that he must resign from the company he founded in 2009. The investors signed onto the letter included Benchmark Capital, one of Uber’s largest investors.

The news comes shortly after Kalanick announced he would be taking a leave of absence from the company, based on recommendations from a report on the company’s culture.

Story developing, more to come.

VentureBeat

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.