Uber’s CEO doesn’t think the company is ready to go public yet

Like an eighth grader being told they should go to prom, Uber wants people to stop telling it that it needs to go public soon. That’s the analogy that CEO Travis Kalanick in response to one of Uber’s board members publicly criticizing the company for its refusal to go public. According to Kalanick, it’s simply too soon for the company to go public, and investors need to be patient, because they’re going to be rewarded for investing in Uber eventually.