Uber cofounder Travis Kalanick will leave the company’s board at the end of the year

• Uber cofounder Travis Kalanick will leave the company’s board at the end of the year, The Wall Street Journal first reported.
• Kalanick served as the Uber’s CEO until 2017 and recently sold more than 90 percent of his stock in the company, valued at $2.5 billion.
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Uber cofounder Travis Kalanick has announced his departure from the ride sharing company, The Wall Street Journal first reported. Kalanick founded the company more than a decade ago and served as the company’s CEO until 2017.

Kalanick recently sold more than $2.5 billion worth of stock in Uber, which is reportedly more than 90% of his stake.

This story is developing.