NEW YORK —
Former Uber CEO Travis Kalanick will resign from the board next week, effectively cutting ties with the lift company he co-founded a decade ago.
Uber has boosted the show's economy and since 2010 has booked 15 billion trips. Kalanick was dismissed as CEO in the summer of 2017, with the company involved in various lawsuits.
The match was not a surprise. Kalanick recently sold more than $ 2.5 billion in company stock, more than 90% of its stakes.
"Uber has been part of my life for the past 10 years. By the end of the decade, and with the company now public, it seems the right time for me to focus on my current business and philanthropic activities," said Kalanick. in a statement prepared Tuesday. "I am proud of what Uber has achieved and will continue to cheer for their future from the outside."
Uber under Kalanick grew at incredible speed, but like many other tech startups, the company faced problems with a corporate culture that sometimes seemed out of control.
Former Uber engineer Susan Fowler discloses sexual harassment and allegations of sexism in a blog post about her year at Uber. Fowler says his boss asked for it and his superiors ignored her complaints. Kalanick calls Fowler's accusations "disgusting" and hires former US Attorney General Eric Holder to investigate.
Days later, Waymo, a spin-off auto company from Google, sues Uber. Waymo alleges that Anthony Levandowski – a former high-level manager of Google's autonomous car project – stole essential technology from Google before leaving to run Uber's autonomous car division.
The New York Times then reveals that Uber used a fake version of its app to frustrate authorities in the cities where it was operating illegally. Uber's so-called Greyball software identified regulators who were impersonating motorcyclists and blocked access to them. The US Department of Justice is investigating Uber's use of Greyball software.