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Uber CEO and co-founder reportedly resigns

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(Steve Jennings/Getty Images)


The CEO and co-founder of popular ride sharing service Uber has reportedly resigned.

The Associated Press reports that Travis Kalanick announced his resignation to The New York Times.

This news comes after five major investors pressured Kalanick to step down Tuesday saying that it was time for new leadership.

No word on who may be Kalanick's replacement.