McNamee early winner

Source: Albany Times-Union

While average investors and regulators are crying foul about the Facebook initial public offering as shares fell nearly 20 percent in the first week of trading, Roger McNamee is doing OK. McNamee, who grew up in Loudonville, is one of the man ...
Full article at: Albany Times-Union  More like this  14 hours ago, 6:53pm CDT

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Unplugging: Bono vs. Paul McCartney

Source: Tom's Hardware Guide

Money comes and goes, people live and die, lineups please or disappoint and bands form and break up. That’s just the cycle of music, wouldn’t you say? Bono was thought to have surpassed Sir Paul McCartney as the richest musician in the world, as it was s ...
Full article at: Tom's Hardware Guide  More like this  1 day ago, 9:18am CDT

Bono Denies Billionaire Reports Recap

Source: antiMUSIC

. On Monday Bono Denies Billionaire Reports was a top story. Here is the recap: (Classic Rock) U2 frontman Bono has shouted down reports that the floatation of Facebook on the stock market made him a billionaire on Friday. . His private equity firm ...
Full article at: antiMUSIC  More like this  1 day ago, 4:50am CDT

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Reuters – Sycamore Partners Walks Away from Talbots

Source: PE Hub

Drop us a tip! Women’s apparel retailer Talbots Inc. said Sycamore Partners, with which it has been in exclusive talks for a buyout, is not prepared to execute a deal at this time. Talbots said it remains open to pursuin ...
Full article at: PE Hub  More like this  2 days ago, 7:54am CDT

peHUB First Read

Source: PE Hub

Elevation Partners, the private equity firm that famously counts Irish rock star Bono among its co-founders, sold 5.2 million of its Facebook shares (or 13% of its stake) for $198 million as part of Facebook’s […] TurningArt, the Boston-based online artw ...
Full article at: PE Hub  More like this  2 days ago, 5:47am CDT

Facebook IPO: Nasdaq set to pay out $100million as tech giant faces legal trouble over hidden losses

Source: Daily Mail - UK

Underwriter says it will adjust prices for investors who overpaid for sharesTwo congressional panels reviewing IPO debacleShareholders filed a lawsuit alleging banks that underwrote the IPO downgraded revenue projects fo ...
Full article at: Daily Mail - UK  More like this  2 days ago, 11:57pm CDT

Liveblog: PayPal's Plans for Taking on Visa and MasterCard at the Cash Register

Source: All Things Digital

PayPal is hosting an event at its San Jose headquarters this morning to announce the next batch of retailers that are adopting the company’s in-store payments solution. So far, it’s deployed at 2,000 Home Depots and has plans to ...
Full article at: All Things Digital  More like this  2 days ago, 12:16pm CDT

Billionaire Bono Reports ‘A Joke’

Source: Pollstar Venue Listings

In 2009 investment vehicle Elevation Partners, in which he has a share, bought between 1 and 2 percent of the social network. Following last week’s initial public offering that valued the company at more than $100 billion, it was reported that Eleva ...
Full article at: Pollstar Venue Listings  More like this  3 days ago, 6:31pm CDT

Facebook IPO Leaves Everyone Shamed

Source: Smartmoney.com

Well, that was embarrassing. What is it about Facebook Inc. (FB) ? The company and its products keep making fools of us. As consumers, Facebook encourages us to overshare our lives, even though we know we'll li ...
Full article at: Smartmoney.com  More like this  3 days ago, 4:30pm CDT