Uber Technologies Inc. founder and CEO Travis Kalanick has resigned from the ride-sharing company just days after he was asked to take a leave of absence in the wake of a report into allegations of discrimination and bullying at the world's startup.

"I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Kalanick said in a statement given to the New York Times, which originally reported his departure.

Uber is currently valued at around $70 billion, making it the highest-valued private technology company in the U.S, putting it well-ahead of the $7.5 billion price associated with rival ride-sharing firm Lyft.

This article was written by a staff member of TheStreet.

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