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(New Musical Express)   How to make a small fortune from Facebook. Step one: Start with a large one   (nme.com) divider line 25
    More: Ironic, Facebook, Elevation Partners, Beatle!, Bono, flash plugin  
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2748 clicks; posted to Business » on 26 May 2012 at 1:38 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-26 01:03:05 PM
Bono's financial adviser should have told him to Walk On.
 
2012-05-26 01:57:44 PM
Good for him. People like him are what is wrong with the world. He has all these people making him money and then gives a pittance to in the name of helping. He has done absolutely nothing but makes himself out to be a saint.
 
2012-05-26 01:59:28 PM
Sounds like the people who invest in General Aviation companies :(
 
2012-05-26 02:00:46 PM
blue horseshoe loves anacott steel
 
2012-05-26 02:01:36 PM
Turning $90 million into 1.84 billion dollars is how you lose $342 million?
 
2012-05-26 02:23:17 PM
Bono didn't really "lose" money as much as his firm just didn't make *quite* as much as they originally thought and will have to settle for nearly 2 billion, but reading his quotes in that article reminded me yet again why I can't stand that cocksucker.

That he hasn't written a song I've enjoyed since 1988 isn't helping, either.
 
2012-05-26 02:27:05 PM

tacos813: Turning $90 million into 1.84 billion dollars is how you lose $342 million?


This. Even with the facebook IPO debacle it looks like he made out like a bandit.
 
2012-05-26 02:43:04 PM

Why Would I Read the Article: That he hasn't written a song I've enjoyed since 1988 isn't helping, either.


If you don't like Achtung Baby, you probably need to submit to a Voight Kampff test.

/Zooropa was also a great album, too.
 
2012-05-26 02:45:19 PM

malaktaus: tacos813: Turning $90 million into 1.84 billion dollars is how you lose $342 million?

This. Even with the facebook IPO debacle it looks like he made out like a bandit.


Most or all of the people who had shares prior to the IPO did, because they bought (or otherwise received) them for far less than $30. A lot of people seem to have difficulty understanding this.
 
2012-05-26 02:45:47 PM
Keep peeling off those dollar bills
Slapping them down
One hundred, two hundred.
 
2012-05-26 02:50:43 PM

Mad_Radhu: Why Would I Read the Article: That he hasn't written a song I've enjoyed since 1988 isn't helping, either.

If you don't like Achtung Baby, you probably need to submit to a Voight Kampff test.

/Zooropa was also a great album, too.


If you don't like the song "One" I question the state of your soul.
/If you haven't heard the Johnny Cash version you should check it out
 
2012-05-26 02:57:20 PM

Yankees Team Gynecologist: malaktaus: tacos813: Turning $90 million into 1.84 billion dollars is how you lose $342 million?

This. Even with the facebook IPO debacle it looks like he made out like a bandit.

Most or all of the people who had shares prior to the IPO did, because they bought (or otherwise received) them for far less than $30. A lot of people seem to have difficulty understanding this.


Huh. That would kind of make the whole FB IPO thing look like a big, well-publicized shake down of your average, politically-unconnected rube investor. That can't be right.
 
2012-05-26 03:16:29 PM

born_yesterday: Huh. That would kind of make the whole FB IPO thing look like a big, well-publicized shake down of your average, politically-unconnected rube investor. That can't be right.


Well, to be fair to the pre-IPO investors, they put their money in back when Facebook was smaller and farther from being a sure thing. Of course, you still probably had to be fairly rich and well-connected (unless you were a Facebook employee exercising stock options), but they were still taking a risk that they didn't know would turn out quite like this.

The IPO was overpriced, but early investors like Bono will "lose" accordingly. If the stock should've been $15, then when the market brings it down to that level, Bono will be worth as much as he would have been if the IPO had been $15--still a huge gain, just not the $2 billion it supposedly was on opening day.

IPOs are usually characterized by hype-driven bullshiat gains anyway. It's kind of refreshing to see it go the other way.
 
2012-05-26 04:13:48 PM

born_yesterday: Yankees Team Gynecologist: malaktaus: tacos813: Turning $90 million into 1.84 billion dollars is how you lose $342 million?

This. Even with the facebook IPO debacle it looks like he made out like a bandit.

Most or all of the people who had shares prior to the IPO did, because they bought (or otherwise received) them for far less than $30. A lot of people seem to have difficulty understanding this.

Huh. That would kind of make the whole FB IPO thing look like a big, well-publicized shake down of your average, politically-unconnected rube investor. That can't be right.


haha that never EVER happens!
 
2012-05-26 04:27:18 PM
Junior Johnson approves of this headline.
 
2012-05-26 05:05:58 PM
"In Elevation, we invest other people's money - endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I've always felt blessed. I got interested in technology because I'm an artist."

Oh just STFU with your self-serving bullshiat. Nobody cares that you're filthy rich, but these comments give all the evidence needed that you're a farking douchebag of the highest order.
 
2012-05-26 08:04:41 PM
TFA: The U2 frontman has taken steps to distance himself from reports that he has become the richest musician in the world, overtaking Paul McCartney with his new Facebook windfall.

Bono will not accept being number two.

i36.photobucket.com
 
2012-05-26 08:15:39 PM

Don't Troll Me Bro!: "In Elevation, we invest other people's money - endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I've always felt blessed. I got interested in technology because I'm an artist."

Oh just STFU with your self-serving bullshiat. Nobody cares that you're filthy rich, but these comments give all the evidence needed that you're a farking douchebag of the highest order.


The guy donates more money than you'll make in a lifetime, and a boatload of his time as well, while you biatch about him on the internet, but HE'S the douchebag?
 
2012-05-26 09:02:38 PM

Hebalo: Don't Troll Me Bro!: "In Elevation, we invest other people's money - endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I've always felt blessed. I got interested in technology because I'm an artist."

Oh just STFU with your self-serving bullshiat. Nobody cares that you're filthy rich, but these comments give all the evidence needed that you're a farking douchebag of the highest order.

The guy donates more money than you'll make in a lifetime, and a boatload of his time as well, while you biatch about him on the internet, but HE'S the douchebag?


As a percentage of my income, I donate an assload of money. As a percentage it's far more than most of these rich people that go around patting themselves on the back over what they're doing. The difference is I don't make a spectacle of it, I just do it. I also donate an assload of time, and again, I don't make a spectacle of it. I can't stand people that want to make sure that everyone knows how much time/money they donate; it shows that their intention is self-serving, rather than to better the world.
 
2012-05-26 11:22:23 PM

Don't Troll Me Bro!: Hebalo: Don't Troll Me Bro!: "In Elevation, we invest other people's money - endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I've always felt blessed. I got interested in technology because I'm an artist."

Oh just STFU with your self-serving bullshiat. Nobody cares that you're filthy rich, but these comments give all the evidence needed that you're a farking douchebag of the highest order.

The guy donates more money than you'll make in a lifetime, and a boatload of his time as well, while you biatch about him on the internet, but HE'S the douchebag?

As a percentage of my income, I donate an assload of money. As a percentage it's far more than most of these rich people that go around patting themselves on the back over what they're doing. The difference is I don't make a spectacle of it, I just do it. I also donate an assload of time, and again, I don't make a spectacle of it. I can't stand people that want to make sure that everyone knows how much time/money they donate; it shows that their intention is self-serving, rather than to better the world.


As an actual amount of money, it's jack shiat. Want to outdo the rich people? Get rich and donate more than they do. Otherwise, stop being a twat about it.
 
2012-05-27 12:57:44 PM
Short selling?
 
2012-05-27 07:54:35 PM
The sweetest thing about all of this is how all of these entertainment types seem to be going all in on facebook and it could very well turn out to be geocities all over again.
 
2012-05-27 08:46:19 PM

Don't Troll Me Bro!: Hebalo: Don't Troll Me Bro!: "In Elevation, we invest other people's money - endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I've always felt blessed. I got interested in technology because I'm an artist."

Oh just STFU with your self-serving bullshiat. Nobody cares that you're filthy rich, but these comments give all the evidence needed that you're a farking douchebag of the highest order.

The guy donates more money than you'll make in a lifetime, and a boatload of his time as well, while you biatch about him on the internet, but HE'S the douchebag?

As a percentage of my income, I donate an assload of money. As a percentage it's far more than most of these rich people that go around patting themselves on the back over what they're doing. The difference is I don't make a spectacle of it, I just do it. I also donate an assload of time, and again, I don't make a spectacle of it. I can't stand people that want to make sure that everyone knows how much time/money they donate; it shows that their intention is self-serving, rather than to better the world.


A rich lib would never consider charity if that couldn't do it publically
 
2012-05-28 09:17:59 PM

Nemo's Brother: A rich lib would never consider charity if that couldn't do it publically


That statement is conveniently impossible to prove. I mean if they weren't doing it publicly, you would never know about it.
 
2012-05-29 01:25:09 AM

Gwyrddu: That statement is conveniently impossible to prove.


Give the guy credit this time...he usually clings to statements that are easy to disprove.
 
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