Founder Travis Kalanick resigned as Uber C.E.O


The Uber train of change continues to power through with news emerging that the founder, Travis Kalanick has stepped down officially from the C.E.O position after a shareholder revolt made it untenable for him to stay on at the company.

HIs exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details are confidential.

Earlier on Tuesday, five of Uber’s major investors demanded that the chief executive resign immediately.  The investors made their demand for Mr. Kalanick to resign in a letter delivered to the chief executive while he was in Chicago, said the people with knowledge of the situation.

Guess there are more changes to the Uber we all are so used to. For better or worse, you are in it for a ride.