Wednesday, February 8, 2012

BONO MAKES A LOT OF MONEY FROM FACEBOOK

Bono
The U2 main singer Bono’s investment firm now has a share of the profit of Facebook’s $US800 million.

Elevation Partners, Bono’s investment firm got into the deal before anyone could do so. The firm already booth a $US210 million back in November 2009.  The share now amounts to more than $US975 million, which is times four when  first bought.

Bono  identified as worst investor in America before, losing hundreds of millions investing in Forbes Media, owner of Forbes magazine.   Elevation Partners also invested around $US500 million and looses all the money.  However, they manage to their money back when Palm sold to Hewlett-Packard.

Serial Australian entrepreneur and financier Matt Barrie, who is currently CEO to Freelancer.com was straight to the point when asked how the regular punter could buy into Facebook on the secondary market: he answers you can not.

However, Bono is not the only one, who made cash over the Facebok market.  As indicated, in the “Who owns Facebook?” website. On the latest evaluation, Facebook now grows from $US15 billion in January to be worth about $US65 billion.  Last June FAcebook already worth $US23 billion.

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