Uber ceo kalanick resigns under investor pressure

You're referring to the infamous resignation of Travis Kalanick, the co-founder and CEO of Uber, in June 2017.

Yes, Travis Kalanick resigned as CEO of Uber after intense pressure from investors, including Benchmark Capital, one of the company's largest shareholders. The resignation came after a series of controversies and scandals had rocked the company, including allegations of sexual harassment, discrimination, and a toxic company culture.

The final straw came when a group of investors, led by Benchmark Capital's Bill Gurley, sent a letter to Kalanick demanding that he step down as CEO. The letter accused Kalanick of creating a "toxic" work environment and failing to address the company's numerous problems.

Kalanick had been under increasing pressure to resign for months, with many investors and employees calling for him to step down. He had also faced criticism for his handling of the company's response to a lawsuit filed by Google's self-driving car division, Waymo, which accused Uber of stealing trade secrets.

After his resignation, Kalanick remained on Uber's board of directors until January 2018, when he officially left the company. He was replaced as CEO by Dara Khosrowshahi, a former CEO of Expedia.

Kalanick's resignation marked a significant turning point for Uber, which has since worked to rebuild its reputation and address the numerous issues that had plagued the company under his leadership.