Travis Kalanick. Justin Sullivan/Getty Images

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 R35.6 billion worth of stock in Uber, which is reportedly more than 90% of his stake.

This story is developing.

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