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Uber co-founder Travis Kalanick steps down from board

Uber co-founder Travis Kalanick steps down from board

Technology
Uber's co-founder Travis Kalanick is to step down from its board at the end of the year.The 43-year-old ousted the ride-hailing firm's original chief executive within a year of its creation, but was himself forced to stand down six-and-a-half years later in 2017 after a number of scandals.He had, however, remained involved as one of its nine directors.Mr Kalanick also recently sold off most of his shares in the company.In the past two months he has liquidated about $ 2.5bn (£1.9bn) worth of stock, representing more than 90% of his earlier stake in the business."At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits," said Mr Kalanick in a statement issue...
Uber boss Travis Kalanick quits after revolt

Uber boss Travis Kalanick quits after revolt

Technology
Uber's troubled chief executive, Travis Kalanick, has quit following a revolt by major shareholders.He agreed to leave his post at the taxi app firm after receiving a letter demanding his resignation from some of its top investors.The shareholders joined forces just a week after Mr Kalanick announced he was taking time out to battle personal problems.He confirmed he had quit in a statement to the New York Times which said Uber's mission - currently beset by accusations of a toxic culture - must come first.Video:Uber boss sorry for taxi driver rantMr Kalanick said: "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....