April 27, 2026 06:15 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Will return for swearing-in’: Modi ends Bengal campaign, signals BJP win | Top LeT commander Sheikh Yousuf Afridi gunned down in Pakistan—Mystery gunmen strike again | 'Had a child together, now alleges rape': SC says consensual live-in breakup is not a crime | YouTuber Saleem Wastik arrested in connection with 1995 kidnapping and murder case | Maharashtra Police makes first arrest months after Akshay Kumar revealed daughter’s cyber harassment | Big political shake-up: KCR’s daughter Kavitha floats new TRS after BRS fallout | ED raids multiple Bengal locations in PDS scam probe amid assembly polls | Bengal polls: Mob attacks central forces, 3 CAPF personnel injured in Birbhum | ‘People voting to protect their rights’: Mamata says high turnout backs TMC in Bengal | ‘Fear is being defeated’: PM Modi says high voter turnout signals BJP win in Bengal

Uber CEO resigns under investors' pressure

| | Jun 21, 2017, at 05:27 pm
San Francisco, June 21 (IBNS) : Uber Technologies co-founder Travis Kalanick has stepped down as Uber’s CEO after several share holders for the rideshare company demanded new leadership, according to a New York Times report.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investor's request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement obtained by the Times.

Kalanick will remain on the tech giant’s board of directors, the Times reported early Wednesday.

The decision to step down comes as the 40-year-old Uber co-founder announced a leave of absence following his mother’s boating death and rampant sexual harassment allegations, New York Times said.

 

Image: Wikimedia Commons

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.