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Bono Buys Bigger Share Of Facebook

| Filed under: BonoTech Talk

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Wowsa! And even with all the privacy controversy, he's dumping his $$$$$ in there.

Bono and execs at his business Elevation Partners have invested another £80 million into Facebook, bringing the total to £140 million. The company was able to buy shares from insiders on the secondary market.

It doesn't seem like a good idea to us, but despite his philanthropic efforts, Bono is known for being a terrible investor. He was named Worst Investor in America by Wall Street Journal after putting in £312.5 million into debt-riddled cellphone maker Palm Inc.

Hope this one goes as planned.

[Image via WENN.]

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