Last week Bono was the richest rock star in the world, this week he has lost 340 million dollars on the shock Facebook shares crash. Facebook – the social networking company that a mere few days ago was at the top of the game, lost a fortune on the shares and so did one of its biggest shareholders; the U2 singer….
It’s probably not actual real money he’s lost (so we haven’t used a real picture!!) – just speculative paper money but it’s a sign of a weakness in the company.
Interesting story this because it shows a chink in the Facebook armour – are we entering new phase in the internet?