Uber CEO Travis Kalanick has resigned from the ride-sharing service he co-founded, another twist in a rough year for the company. There's also a court battle stemming from allegations that Uber stole trade secrets from Waymo, Alphabet's (GOOGL) self-driving car development company. Waymo alleges that Anthony Levandowski - a former top manager for Google's self-driving car project - stole pivotal technology from Google before leaving to run Uber's self-driving car division. Uber's board releases Holder's recommendations, which include removing some of Kalanick's responsibilities and replacing Uber's chairman and founder, Garrett Camp, with an independent chairman.
Waymo, the self-driving car developer created by Alphabet's (GOOGL) Google, has accused Uber of using stolen trade secrets in its own software that would serve as the backbone of autonomous vehicles. Waymo's lawsuit maintains that Uber then transplanted the intellectual property allegedly stolen by Levandowski into its own fleet of self-driving vehicles -- a charge that Uber has adamantly denied since Waymo filed its complaint in federal court four months ago. The filing asserts that Levandowski destroyed the disks containing Google's material not long after Kalanick told him that Uber didn't want the information on them. Kalanick resigned as Uber's CEO Tuesday week after investors demanded he step down.