Uber’s Travis Kalanick Said To Resign As CEO Amid Investor Backlash | Forbes


Uber CEO and co-founder Travis Kalanick, who took a leave of absence from the company just last week after months of turmoil, has now reportedly resigned in the face of mounting investor anger.

The New York Times broke the news late Tuesday, reporting that five major investors in the ridehailing giant demanded Kalanick resign immediately as chief executive officer. The group included Benchmark, a venture capital firm that’s represented on Uber’s board by Bill Gurley, the Times said. Two people with knowledge of the matter, that the newspaper didn’t identify, confirmed the ultimatum given to Kalanick.

That demand was delivered to Kalanick in a letter titled “Moving Uber Forward,” a copy of which the Times obtained. Spokespeople for Uber didn’t immediately respond to a Forbes request to confirm his departure.

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