This has to do with Uber's viability as an app/tech platform, which is very different than share appreciation of a public company. Uber is a smart(er) taxi serv

This has to do with Uber's viability as an app/tech platform, which is very different than share appreciation of a public company. Uber is a smart(er) taxi service that doesn't own any fleets of vehicles, or anything else really, and operates at a loss. Uber may not faceplant quite as badly, but look to Lyft's IPO to see what's likely in store for them. This IPO screams "cash out and give the bags to retail investors"