Uber CEO Travis Kalanick resigns under shareholder pressure: NYT

Uber CEO Travis Kalanick resigns under shareholder pressure: NYT

Travis Kalanick.

Story highlights

Five major investors reportedly demanded he resign immediately, and he did

Uberco-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, the New York Times reported on Wednesday.

Kalanick's exit came under major pressure from Uber's investors. The New York Times called it a "shareholder revolt".

Kalanick started the ride-sharing app that has been launched in countries all around the world, but has been beset bynumerous scandals.

Add WION as a Preferred Source

Uber was not immediately available to comment outside regular USworking hours, Reuters reports.