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Bono Becomes The Worst Investor In America

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HE STILL HASN'T FOUND WHAT HE'S LOOKING FOR
"Bono, the Irish rock star, has put significant money into Elevation Partners, arguably the worst run institutional fund of any size in the United States," Douglas McIntyre notes. But after a string of flops, the firm's latest gamble, Yelp, finds itself facing several class action lawsuits concerning its content and advertising relationships. "It is impossible to calculate how much Yelp’s value has dropped because it is a private company, but finding a buyer for the company now at any price is unlikely. Bono has lost a great deal of money by investing with Elevation, certainly millions and millions of dollars. The Irishman would have been better off in CDs of the financial sort."
SOURCE:   24/7 Wall St.

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