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Bono makes bank with facebook shares Bono makes bank with facebook shares
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Old 01-14-2011, 08:44 AM   #1
Wilsy
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Bono makes bank with facebook shares
The U2 frontman's share in the social networking site is now worth $728 million.

Nice investment

http://www.torontosun.com/entertainm...enn-story.html
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Old 01-14-2011, 08:45 AM   #2
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He sure is saving the world one million at the time...
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Old 01-14-2011, 08:46 AM   #3
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damn he should sell it off...take that money
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Old 01-14-2011, 08:58 AM   #4
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Nice return, if it is ever realised.
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Old 01-14-2011, 09:00 AM   #5
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wow real biz :P
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Old 01-14-2011, 09:00 AM   #6
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Nice return, if it is ever realised.
All he has to do is sell 1/4 of his shares and he made his money back. So anything after that is gravy.
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Old 01-14-2011, 09:25 AM   #7
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"Bono will be able to cash in his share once the privately-held site is floated on the stock exchange. "

What if Zuckerberg never floats it?
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Old 01-14-2011, 09:40 AM   #8
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"Bono will be able to cash in his share once the privately-held site is floated on the stock exchange. "

What if Zuckerberg never floats it?
I just finished reading The Facebook Effect (an authorized account of Facebook by a Fortune writer).

Zuck now has the valuation where he'd IPO. He also has the structure setup so that he can do it for the cash and not lose control due to the board seats he controls and the share structure. That has all been in the works so that he could eventually do it. He has always been more concerned about control than cash.
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Old 01-14-2011, 09:46 AM   #9
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maybe his charities will hit the 20% mark
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Old 01-14-2011, 10:00 AM   #10
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damn he should sell it off...take that money
Yup, its all hypotethical, until the money is in the bank
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Old 01-14-2011, 10:08 AM   #11
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All he has to do is sell 1/4 of his shares and he made his money back. So anything after that is gravy.
Currently he has spent $195 million. Until he sells his shares, he is -$195 million.
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Old 01-14-2011, 10:17 AM   #12
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There was also a little site called myspace that was supposed to be worth a lot. Now they are cutting staff and bleeding money.

who knows
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Old 01-14-2011, 10:37 AM   #13
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He will save the world with all this cash
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Old 01-14-2011, 10:41 AM   #14
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i counted my shares up as cash in a social network pre-ipo back in 1999. that was a bad idea!
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Old 01-14-2011, 11:55 AM   #15
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Sort of announcement that makes people who should never buy shares jump in too.
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Old 01-14-2011, 12:21 PM   #16
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Sounds like easy $$, but the other 9 start ups he invested in probably flopped... so when all is done, he probably came out even
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Old 01-14-2011, 12:43 PM   #17
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Originally Posted by andrew.r View Post
The U2 frontman's share in the social networking site is now worth $728 million.

Nice investment

http://www.torontosun.com/entertainm...enn-story.html
Anyone with a stake in Facebook pre-IPO is going to be set for life.
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Old 01-14-2011, 01:49 PM   #18
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Anyone with a stake in Facebook pre-IPO is going to be set for life.
I think Bono was set for life regardless.
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Old 01-14-2011, 01:53 PM   #19
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If it is one thing i have learnt in business dont count the cash before it is in the bank.

In between shit can and will go wrong.
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Old 01-14-2011, 01:55 PM   #20
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Sounds like easy $$, but the other 9 start ups he invested in probably flopped... so when all is done, he probably came out even
Like this one lol http://247wallst.com/2010/03/24/bono...or-in-america/
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Old 01-14-2011, 02:03 PM   #21
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Old 01-14-2011, 02:23 PM   #22
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Sounds like a serious pimping.
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Old 01-14-2011, 02:28 PM   #23
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Sounds like easy $$, but the other 9 start ups he invested in probably flopped... so when all is done, he probably came out even
Yes exactly.. he may have lost millions on other failed investments. Was he not one of Madoffs clients?
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Old 01-14-2011, 03:51 PM   #24
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gotta tip your hat to the dude
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