A select group of Uber's institutional investors is exploring ways of removing Travis Kalanick as CEO, Axios has learned from multiple sources. Among those in the discussions is said to be venture capital firm Benchmark, whose partner Bill Gurley is on Uber's board of directors. Others include First Round Capital, Fidelity Investments, Lowercase Capital and Menlo Ventures.
"The question is what to do about Travis," said one Uber shareholder. "We're working through it."
Update: About 30 minutes after this story was published, The NY Times reports that Kalanick has resigned due to investor pressure.