How NBCU Missed Out on Billions in Gains on Snap and Peloton
This week Snap crossed an important symbolic milestone: The company, buoyed by an investor presentation that painted a rosy picture of its future, surpassed $100 billion in market value. Its shares are up 320% since late 2019. But one former shareholder likely isn’t so pleased: NBCUniversal. The Comcast-owned entertainment company sold out of Snap at the end of 2019, barely breaking even...