Music
Is Facebook about to make Bono richer by $1 billion?
by Nicole Villeneuve
February 2, 2012
Facebook has filed papers to become a publicly traded company, and though its public offering date is not yet scheduled, we have learned one thing: that Bono stands to make a chunk of change from the sales.
Elevation Partners, the investment firm that Bono co-founded, has a stake in Facebook that is valued at over $1 billion when Facebook goes public, reports the Belfast Telegrahph.
It’s also said that the sale of stocks could see Facebook make up to $10 billion.
