U2 VC: $120M to FB

It's a beautiful day at Facebook. Elevation partners has just injected $120 million in venture capital, which will certainly help power-up Zuckerberg's business ... but why did Bono's firm make this move?

Back in November 2009 Elevation slid about $90 million over the negotiation table in exchange for 2.5 million shares in the world's most popular social networking Web site, and has seen that investment multiply by two and a half times in value. So perhaps it's not surprising that Elevation...