The board of Uber held their meeting yesterday to talk about the future of the company. Uber is now closer to taking a huge investment from SoftBank, and Kalanick's potential manoeuvres are lessened.
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The fight between ex-Uber CEO, Travis Kalanick, and the board is continuing. On Tuesday, the board will seek to limit the power Kalanick has by removing his allies on the board and ending supervoting.
Dara Khosrowshahi has been picked as the new CEO of the ride-hailing company, Uber. Khosrowshahi will have a big job on his hands following countless scandals that have plagued the business.
After announcing that he'd be taking an indefinite leave of absence to mourn his mother's death, Travis Kalanick has now resigned from his position as the Chief Executive Officer of Uber.
Uber CEO Travis Kalanick is seen in a video, arguing with a driver during an UberX ride and yelling at him. The reason: Uber's falling fares. Kalanick has since apologized for his actions.
Uber's CEO promised a full and urgent investigation after a former company engineer talked about the sexist, hostile work environment inside of the company and the rampant abuses going on.
Saudi Arabia has invested a huge amount of money in the ride-hailing company, but Uber has found itself under fire for accepting cash from a government that regularly abuses human rights.