Uber founder Travis Kalanick resigned Wednesday as CEO after pressure from investors. Five of the company’s key investors on Tuesday demanded that he resigned, according to The New York Times, which first reported Kalanick’s decision to step down. Uber on Tuesday embarked on a 180-day program to change its image by allowing riders to give drivers tips through the Uber app, something the company had resisted under Kalanick. Uber's board said in a statement that Kalanick had "always put Uber first." Under Kalanick, Uber has disrupted the taxi industry in hundreds of cities and turned the San Francisco-based company into the world's most valuable startup.

Source: Fox News June 21, 2017 05:40 UTC