Travis Kalanick, Uber co-founder, said that he hasn’t sold a single share of his stock, even as the company’s valuation has reached about $69 billion. Photo: ReutersSan Francisco: Travis Kalanick, the chief executive officer at Uber Technologies Inc., has a go-to metaphor that he deploys to duck a common question: When will Uber go public? Kalanick’s stock answer: Uber is like a teenager being asked to go to prom. Kalanick said on Wednesday that his ride-hailing company is an “early high schooler” or a ninth grader, again being invited to the prom. While he dodged the big IPO question, Kalanick did talk a bit about the company’s closely watched self-driving car program.

Source: Mint October 20, 2016 04:41 UTC