Travis Kalanick has resigned as Uber CEO
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Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.https://www.nytimes.com/2017/06/21/technology/uber-ceo-travis-kalanick.html
Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details are confidential.
Earlier on Tuesday, five of Uber’s major investors demanded that the chief executive resign immediately. The investors included one of Uber’s biggest shareholders, the venture capital firm Benchmark, which has one of its partners, Bill Gurley, on Uber’s board. The investors made their demand for Mr. Kalanick to resign in a letter delivered to the chief executive while he was in Chicago, said the people with knowledge of the situation.
By DY_nasty Go To Postwhy'd they want him out so bad?
The move caps months of questions over the leadership of Uber, which has become a prime example of Silicon Valley start-up culture gone awry. The company has been exposed this year as having a workplace culture that is rife with sexual harassment and discrimination, and has pushed the envelope in dealing with law enforcement and even partners. That tone was set by Mr. Kalanick, who has aggressively turned the company into the world’s dominant ride-hailing service and upended the transportation industry around the globe.
Mr. Kalanick’s troubles began earlier this year after a former Uber engineer detailed what she said was sexual harassment at the company, opening the floodgates for more complaints and spurring internal investigations. In addition, Uber has been dealing with an intellectual property lawsuit from Waymo, the self-driving car business that operates under Google’s parent company, and a federal inquiry into a software tool that Uber used to sidestep some law enforcement.
tl:dr; shit work culture that he brought on got exposed and a terrible IP infringement suit.
Turns out the dude who called his own company "Boober" for how much it's getting him laid isn't exactly the managerial mensch shareholders thought he was.
By HasphatsAnts Go To PostTurns out the dude who called his own company "Boober" for how much it's getting him laid isn't exactly the managerial mensch shareholders thought he was.that's too ridiculous to be true
It's not.
I think he lives in my neighborhood somewhere. He used to have a Twitter account for his house in the area where he'd post all about the parties and shit.
I think he lives in my neighborhood somewhere. He used to have a Twitter account for his house in the area where he'd post all about the parties and shit.
You see this shit happen all the time. Not to this scale ofc because not many make it to this size. but oftentimes what made a founder so successful scaling up his business is also what's going to destroy him when he's no longer managing a 200 people office
By DY_nasty Go To Postlooking forward to the movie
lol something something first as tragedy,
something something farce.
By HasphatsAnts Go To Postlol something something first as tragedy,
something something farce.
Uber, but for tragedy followed by farce.
