And another one bites the dust
Late last night, Uber CEO Travis Kalanick resigned from the $70B company he co-founded, not with a bang, but with a whimper.
While he will remain on the board, effective immediately, he will no longer be Uber’s CEO.
Kalanick announced his indefinite leave of absence last week — but earlier yesterday, 5 of Uber’s major shareholders (including their lead investor, Benchmark capital) staged a mutiny, demanding that he entirely vacate his position.
After hours of discussion with investors, Travis released a resignation statement, urging “Uber [to] go back to building rather than be distracted with another fight.”
In this case the word “Uber” and “Travis,” are interchangeable: this is a man who’s just tired of fighting.
After all, he’s the father of a child prodigy who ended up having some pretty severe growing pains — and now that child is essentially a ward of The State.
By Hustle Co
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