Latest U2 News / Sightings

Originally posted by kharbouch:famine in the world ! in this case it's easy to make policy !
where it was when the children died under the U.S bombs in Irak or Afganistan ?
where it was when Palestinians die in Gaza under israélien raid ?

I think it should remain in place away from politics because he forever be free...

Originally posted by kharbouch:they spend millions of dollars in bombs on the heads of the Libyans and Iraqis ... then we pretend to do humanitarian work!

Originally posted by kharbouch:famine in the world ! in this case it's easy to make policy !
where it was when the children died under the U.S bombs in Irak or Afganistan ?
where it was when Palestinians die in Gaza under israélien raid ?

I think it should remain in place away from politics because he forever be free...

Originally posted by sonia_lastrega:[..]

So...we should do what? Do you have a spare time machine so we can go back and un-drop those bombs and unspend that money? The situation in East Africa is real now and hindsight isn't terribly helpful.

Sorry, but I find the idea that people think humanitarian work is "pretend" more than a little annoying.

Bono nets a billion with Facebook investment deal

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The value of a stake owned by Bono's investment company in internet giant Facebook is now almost $1bn (€694m), figures show


By Peter Flanagan
Wednesday August 17 2011

IT would be hard to believe for most of his fans, but Bono may soon be making more money as a suited Wall Street investor than as an international rock star.

The singer, who was branded "the worst investor in America" by an influential financial blog only last year, seems to be having the last laugh now after an investment company he fronts is sitting on a share in Facebook which has quadrupled in value in less than two years.

In November 2009 Elevation Partners -- a US investment firm in which Bono is a partner -- paid $210m (€145m) for a stake in the social networking giant. After another investor sold its stake in the company yesterday, Elevation Partners' stake is now valued at close to $1bn -- or $975m (€676m) to be precise.

That 400pc increase is a big turnaround for Bono, who was deemed "the worst investor in America" by the '24/7 Wall Street' last year.

He earned that title after a host of Elevation investments -- dubbed "arguably the worst-run institutional fund of any size in the United States" -- turned sour.

The $1.9bn (€1.3bn) fund was founded in 2004 by Bono and top fund manager Roger MacNamee among others to invest in media, music and gaming deals. It pumped around $480m into the smartphone maker Palm -- once a leader in the smartphone market -- in 2007 only months before Apple's iPhone almost wiped the company out.

Ultimately, Bono's firm broke even on its Palm investment when the computer giant Hewlett-Packard bought the company at a bargain basement price. The conditions of Elevation's investment meant it would be reimbursed in full if Palm was sold.

In 2006 Bono's fund invested some $300m (€208m) in the US publishing company Forbes. The family-owned company, best known for the 'Forbes' business magazine, was valued at around $750m (€520m) at the time but the magazine sector has seen its value plummet since then, and the company is now estimated as being worth around $100m (€69m).

More recently, U2 are believed to have backed the Broadway musical "Spiderman: Turn off the Dark" to the tune of $65m (€45m) and counting, but there seems little hope of them getting their money back. The show has been beset by problems, including injured crew, a delayed opening, and negative reviews.

The Facebook investment though, may be a sign of a change in fortune for the fund. Elevation was reported to have put $100m into Pandora, a heavily hyped online music service which went public last month but it is not clear if it ultimately invested in the company.

Still, the fund looks well placed to invest more in the trendy media and technology space, which is riding a wave of growth at the moment. That has prompted fears of another technology bubble, similar to what happened at the turn of the century when a host of internet companies listed on the stock market only to see their value plummet after a short time, creating massive losses for investors.

In any case, even if the investment side of things doesn't work out for Bono, he will always have the music to go back to, and that should leave him with a tidy little sum for retirement.

U2's '360' Tour, which ended after two years earlier this year, was the highest grossing tour of all time. Surpassing The Rolling Stones 'Bigger Bang' tour. It is believed to have netted the band $195m (€135m), and the fact that much of the band's business is domiciled in Holland for tax purposes means profits from record sales will only get bigger. The band collectively are valued at more than €490m.

- Peter Flanagan

Irish Independent

Originally posted by kharbouch:[..]

the humanitarian situation in Libya, Iraq and Palistine ... Afghanistan is even more dramatic since years! !
why nobody move!
now the West discovered the famine in Somalia !

Bono to become a Facebook billionaire

The U2 man's investment in the social networking site has paid off

Bono’s investment company Elevation Partners bought $210 million (£128 million) worth of shares in the social networking site almost two years ago. This week the site has been valued at $65 billion (£40 billion), meaning that Bono and his company’s share of the business is now valued at a whopping $975m (£595 million).

Elevation Partners was valued at $50 billion (£30.5 billion) last December, before Facebook was re-valued at $65 billion (£40 billion), reports the Guardian.

U2 were recently named the world’s highest-earning musicians by Forbes over Bon Jovi, Elton John and Lady Gaga, making $195 million (£120 million) over the previous 12 months. They have just finished their 360 world tour in Canada, grossing over $736 million (£447 million) in the process.