Uber CEO Travis Kalanick resigns

Following months of upheaval, Uber co-founder and CEO Travis Kalanick has stepped down.

"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," Kalanick said in a statement to The New York Times.

The innovative company, whose ride-summoning app changed the face of transportation and launched a new  pp-based economy applied to old business norms, was founded in 2009 and has since established an imposing global presence. Uber has been in the spotlight for various sexual harassment in the workplace complaints, charges of stealing trade secrets and investigations on misleading government regulators. Uber is clearly one of the most despised companies, not because it provides a poor product, but because the perception is that it and many of its executives are shady. 

Kalanick still retains a board seat and the company has yet to assign a new CEO.