Uber co-founder Travis Kalanick to resign from board
Kalanick said that he is 'proud of all that Uber has achieved' and that he will 'continue to cheer for its future from the sidelines'

By Jonathan GarberFOXBusiness
Uber’s Travis Kalanick to resign from board

Uber co-founder Travis Kalanick will reportedly resign from the board amid issues with city governments and unions. The Cow Guy Group at Marex Solutions’ Scott Shellady weighs in on this news.

Uber co-founder Travis Kalanick is leaving the company's board of directors, effective Dec. 31. Shares opened little changed following the news.
Ticker Security Last Change Change %
UBER UBER TECHNOLOGIES INC. 30.33 -0.12 -0.39%

“Uber has been a part of my life for the past 10 years,” Kalanick said in a statement. “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.”

UBER CO-FOUNDER TRAVIS KALANICK HAS UNLOADED OVER $2.5B OF STOCK

Kalanick said that he is “proud of all that Uber has achieved” and that he will “continue to cheer for its future from the sidelines.”-- excerpt, rest at link above --