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Uber Founder/C.E.O. Travis Kalanick Resigns Amid Demands From Shareholders

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Late Tuesday night, Uber founder Travis Kalanick announced that he was resigning as C.E.O. from the company.

This resignation came days after five major investors sent him a letter titled “Moving Uber Forward” demanding him to resign immediately, which is likely due to the continuous controversies that have plagued the company in recent months including sexual harassment and discrimination in the workplace.

“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.

He will remain on the board of directors.

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