Travis Kalanick resigns from his post in Uber

Seems like bad omen has been following Uber for a long period, and now the news of resignation by the CEO, Travis Kalanick has proved it. Travis Kalanick co-founded the company in the Year 2009 and it seems he has resigned following a ‘shareholder revolt” led by some of Uber’s most prominent investors.

Rumors has it that a group of five Uber’s most prominent investors wrote a letter titled “Moving Uber Forward,” which suggests that Travis should step down from his position. Few board meeting and discussion led to the resignation of the co-founder.

“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 expressed.

Though it was made clear that even after his resignation he shall continue to hold an important position on Uber’s board of directors.

“Travis has always put Uber first. This is a bold decision and a sign of his devotion and love for Uber. By stepping away, he’s taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber’s history. We look forward to continuing to serve with him on the board.”

Well, after his resignation, Uber is going to miss a CEO, after it has been already missing a COO, CFO, CMO and a host of eminent positions following their continuous departures from the company.