Dec 24, 2019

Uber co-founder Travis Kalanick severs company ties

Uber's co-founder Travis Kalanick is to step down from its board at the end of the year. The 43-year-old ousted the ride-hailing firm's original chief executive within a year of its creation, but was himself forced to stand down six-and-a-half years later in 2017 after a number of scandals. Mr Kalanick also recently sold off most of his shares in the company. "At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits," said Mr Kalanick in a statement issued by Uber. The Los Angeles-based start-up buys up land and establishes kitchens for use by delivery-only restaurants, which operate via apps including Uber Eats.

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