U2’s Bono Facebook Investment: Palm repeat fears

U2’s Bono has invested another huge sum of money into Facebook, this time $120 million – that’s on top of the previous $90 million investment. This does show that he has put his might behind Facebook and not MySpace – but could this be a bad thing?

Brain Willett from Bloginity has suggested that maybe Facebook should be worried about this latest investment, the last time he did this was with Palm – we all know how that ended up.

Bono and his investors piled $50 million into Palm, just before shares took a dive.

Has Bono given Facebook the kiss of death?