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Travis Kalanick Resigns As The CEO Of Uber

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Travis Kalanick Resigns As The CEO Of Uber,Travis Kalanick Resigns,Uber CEO Travis Kalanick Resigns,#startupstories,startup stories 2017,startup stories india,shareholder revolt,Uber workplace harassment, Uber discrimination,Uber CEO

Travis Kalanick has stepped down as the CEO of the ride hailing startup Uber. This decision comes following a ‘shareholder revolt’ led by some of Uber’s most prominent investors.

Last week Kalanick had announced that he would be taking a leave of absence from the company. But amid high pressure from investors and major scandals surrounding the company, embattled CEO had to resign the company he helped found in 2009.

According to New York Times, five of Uber’s major investors including the venture capital firm Benchmark demanded the resignation of the CEO immediately. In a letter titled “Moving Uber Forward”, the investors emphasized Uber needed a change of leadership. After hours of discussions, Kalanick agreed to step down from his position but will remain on Uber’s board and will control a majority of voting shares.

This was a harsh year for the company as they faced allegations of workplace harassment, discrimination, leadership troubles and a lawsuit claiming intellectual property theft. Senior Uber executives also obtained the medical records of a woman who was allegedly raped in a cab in India.

In a statement to the New York Times, Kalanick said he agreed with the wishes of the investors so that Uber can go back to building rather than get distracted with another fight. Kalanick turned the company into the dominant ride hailing service that it is today and revolutionized the transportation industry around the world.

Uber board members added that Kalanick had always put Uber first and his move would give the company room to embrace a new chapter. Uber’s valuation increased to a whopping $70 billion and has raised more than $11 billion since its inception in 2009. According to the letter sent to Kalanick, he will help the board led search committee to find a new and experienced chief executive for Uber.

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Unilever Introduces Innovative Color-Changing ‘Smart Label’ for Dove

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Dove_StartupStories

Unilever has launched a new innovation in personal care with the introduction of a color-changing “smart label” for its Dove Shower Sensor Deep Moisture Body Wash. This limited-edition product, available exclusively in Canada, integrates advanced packaging technology to promote healthier skin habits.

How It Works

The smart label activates when exposed to water temperatures above 41°C, displaying a “VERY HOT” warning. This feature encourages users to lower their shower temperature, helping to preserve the skin’s natural moisture—especially crucial during Canada’s cold winter months1.

A Step Towards Smarter Personal Care

This innovation reflects Unilever’s dedication to combining technology with personal care. Divya Singh, head of personal care at Unilever Canada, highlighted the product’s role in fostering better skin health through intuitive reminders. Singh stated that the sensor supports hydration and empowers consumers to maintain healthier habits confidently1.

Broader Implications

The smart label is part of a larger trend in packaging innovation, offering functionality beyond traditional use. Such advancements not only enhance user experience but also align with Unilever’s commitment to sustainability and digital transformation13.

This launch underscores Unilever’s focus on enhancing everyday products with technology while promoting skin health and environmental consciousness.

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Quick Commerce Set to Boost HUL’s Revenue

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StartupStories

Unilever’s CEO, Fernando Fernandez, is optimistic about quick commerce’s growth in India, predicting it will significantly boost Hindustan Unilever Ltd’s (HUL) revenue. Currently, quick commerce accounts for about 2% of HUL’s revenue, but Fernandez expects this to rise to 10-15% within the next three to four years.

Why Quick Commerce?

India’s unique demographic, with affluent and economically active households living in close proximity, makes quick commerce a logical and profitable channel. The margin mix in quick commerce is also favorable for improving profitability12.

Market Trends

Quick commerce is rapidly expanding in India, with its contribution to ecommerce sales doubling annually. Major players like Blinkit, Swiggy Instamart, and Zepto are driving this growth, driven by consumer preference for convenience over discounts13.

Future Outlook

Fernandez’s strategy aligns with Unilever’s goal to transform its business and meet evolving consumer preferences. Leveraging quick commerce will be key to enhancing HUL’s revenue in India, a crucial market for Unilever

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Social Media Platform X Faces Global Outage

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Social Media Platform X Faces Global Outage

Elon Musk’s social media platform X, formerly known as Twitter, experienced a significant global outage on Monday. The disruption began around 3:20 PM IST, with over 19,000 reports of issues globally, according to Downdetector.

Impact by Region

  • United States: Over 21,000 users reported issues, primarily with the app.
  • United Kingdom: More than 10,800 incidents were recorded.
  • India: Nearly 2,300 users faced difficulties, though some reports suggest around 1,000 complaints, mainly with the search bar.

Nature of the Outage

The outage affected both web and mobile app versions, preventing users from accessing timelines or posting content. The cause remains unclear, as X has not issued an official statement.

Resolution

Services resumed after about 30-40 minutes, but concerns about the platform’s reliability have increased due to its recent technical issues

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