NBCU says D’OH

Sorry for the double entendre – NBCUniversal Media, LLC missed out on billions in gains on Snap Inc. and Peloton Interactive, highlights The Information.

This past 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 on its initial $500 million investment, which it made when Snap went public. Had NBCU held onto the stock, it would be worth about $2 billion at Snap’s highest point earlier this week. And that wasn’t NBCU’s only mistimed sale last year: It dumped a stake it held in Peloton last spring before shares in the exercise equipment maker took off during the pandemic. NBCU ended up missing as much as $2.7 billion in potential combined gains on the two investments, the equivalent of about 45% of its 2020 profits.

Bottom Line: Ouch! #wakeupimagine#capitalmarkets

Posted on March 12, 2021 in Entertainement, Innovation, Leadership, Social Media, Technology, Trends

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Michael Chase - a true hybrid – part strategist, part data monkey, part creative director, part global growth hacker (when you're doing bic pen tracheotomies you still have to think of EBITDA) and through and through an innovator.

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