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Its private partnership’s letter provides rare insight into Uber and several other pre-IPO companies — and explains why it still likes Snap despite that major earnings stumble.

Glade Brook Capital Partners (courtesy of Google Maps Shares of Snap are trading only a few bucks above their low since the company went public on March 2 at $17 per share, closing Wednesday at $19.56. However, one if its significant investors dating back to when it was private is upbeat

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