Is a new day dawning for Uber? On Tuesday, the ride-sharing company's co-founder and CEO, Travis Kalanick, announced he's stepping down.
Despite a titanic market valuation of $70 billion, Uber has been dragged down by multiple scandals: Its office culture is allegedly plagued by sexual harassment and general abusiveness, it's under investigation for using coding gambits to fool regulators, and it's being sued for stealing autonomous car technology from a subsidiary of Google. Kalanick had already taken a temporary leave of absence, based on the recommendations of a blunt internal report on Uber's office culture. But ultimately some of Uber's major investors didn't think that was enough.
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