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Uber CEO Resignation,News spread The Shockwaves Through Out The Silcon Valley

Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies, resigned on Tuesday under lot of pressure from investors after a set of setbacks.


The resignation sent shockwaves through out the Silicon Valley and also leaves Uber's board of directors with the problem of finding a leader who also has a steady hand needed to heal Uber after a hurting six months.
Kalanick's style largely defined the Uber's approach and developed also helped it to become a transportation titan valued at $68 billion, the largest private firm backed by venture capitalists in the world.
But it also been blamed for a string of scandals this year, As Kalanick says in email to their employees "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors' request to step aside so that Uber can go back to building rather than be distracted with another fight,"



It is not clear who will be Uber's new CEO, but the next leader will have the talent to making the company profitable.

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