Uber CEO and co-founder Travis Kalanick resigns

UBER CEO TRAVIS KALANICK. FILE PHOTO | NMG  

Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday.

Kalanick's resignation comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look into its culture and workplace practices after a female former employee publicly accused the company of what she described as brazen sexual harassment.

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