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 ├é┬ú312.5 million into debt-riddled cellphone maker Palm Inc.
Hope this one goes as planned.
[Image via WENN.]
Jun 30, 2010 14:44pm PDT
