Uber has come under a lot of fire recently from several countries and cities, London, Columbia, Germany to site a few examples. The company announced that founder and former CEO has left the board of directors and will be made official on the final day of the year.
Reports say Kalanic is walking away from the board to focus on other ventures and philanthropic purists. His move comes as the company is currently on thin threads and may soon find themselves with an Antitrust lawsuit if drastic measures are not taken to regain trust with government regulatory agencies around the world.
Kalanic was forced to step down as CEO of Uber in 2017 and has since been selling off his considerable shares in the company. last week, Kalanick sold around $383 million in shares and reduced his overall stake to less than 10%, per an SEC filing. Although an updated report on Techcrunch suggests Kalanic may have sold all his shares afterall and the SEC filing would be made public after the Christmas holiday.
Kalanic has diversified into the food industry which he used his former company to jump-start with the help of CloudKitchens, a startup focused on picking up cheap properties and turning them into restaurant operations without a counter, seating or walk-in service designed exclusively to fill the demand for courier-based restaurant delivery apps.