Uber CEO Travis Kalanick resigns

Uber founder Travis Kalanick resigned as chief executive of Uber after a "shareholder revolt," the New York Times reported. The report said Benchmark, a prominent Uber investor, wrote a letter called “Moving Uber Forward,” urging Kalanick to step down. The former CEO will now hold a position on Uber's board of directors, according to TechCrunch. “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,” Kalanick told The Times.