Uber's rocky year: Travis Kalanick's resignation is just the latest thing

Uber's rocky year: Travis Kalanick's resignation is just the latest thing Uber co-founder Travis Kalanick resigned as chief executive of the ride-hailing giant Wednesday, pushed out by investors just a week after he announced he was going on an indefinite leave of absence. The San Francisco startup, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed sexual harassment and other bad behavior to go unchecked for years. Uber drivers have their say about Kalanick's resignation Column: With Travis Kalanick out, we'll see the real value of Uber -- and it won't be pretty Column: With Travis Kalanick out, we'll see the real value of Uber -- and it won't be pretty Facing mounting investor pressure brought on by a torrent of scandals, Travis Kalanick, co-founder and chief executive of ride-hailing company Uber, resigned -- just a week into a leave of absence meant to quell concerns about his management style. The New York Times reported that five of Uber's major investors demanded Kalanick's immediate resignation because the company needed a change in leadership. Kalanick reached his decision to resign after hours of talks with some of the investors.