Bono (he out of U2, the perpetual-glasses-wearer and preacher) and his private equity company Elevation Partners have bought a larger stake in Facebook, acquiring 1.5 per cent of the site altogether. No-one at Elevation is planning on becoming a board member at Facebook or Yelp (where they also have a stake) apparently, so if you were hoping for photos of Zuckerberg and Bono shaking hands and gurning, better load Photoshop.

Facebook Bloody Facebook, indeed. [FT]