End of the Ride
Uber’s co-founder Travis Kalanick has stepped down from his position as CEO of the cab-hailing company, giving in to pressure from investors. Uber has been going through a tumultuous period over the past several months. It started with a former employee of the company writing a blog post about being sexually harassed during her tenure at Uber. Kalanick had earlier announced his decision to take a leave of absence following the death of his mother in a boating accident. However, according to some reports, the investors of the company, who were unhappy with the recent turn of events, were keen that he resign.