opinion

Bono makes the world smaller with $325m investment

U2's front man Bono made news as the venture capital firm that he is a partner in, invested $325M for 25% stake in Palm Computers (article)

Some have looked at this news with amusement as why would Bono, known for his outspoken fight against hunger and oppression, is investing in a technology company.

My answer is that in third world countries, the mobile phone will be the internet device of choice. Laptops and computers are too big, and are not suitable for rougher environments.

Imagine a low-cost Treo phone that has internet access that will allow people in third world countries to be just as accessible to the outside world as us sitting here in the U.S.

Business can be conducted in third world countries with emails as well as being able to have correspondance, place/check orders etc.

His line of (Red) clothing that is produced in Africa is an example of how local businesses in Africa can create products for global consumption.

I think Bono is on to something if this is his plan for making the world smaller and better through technology.

Fight the Feed the World ringtone!

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More Articles

opinion

Top Product Launch Tactics to Boost Q4 Sales

According to recent industry insights, over 70% of sexual wellness brands finalize their Q4 lineups between July and early September. This is a high-stakes window for launching new products.

Matthew Spindler ·
opinion

Understanding the MATCH List and How to Avoid Getting Blacklisted

Business is booming, sales are steady and your customer base is growing. Everything seems to be running smoothly — until suddenly, Stripe pulls the plug. With one cold, automated email, your payment processing is shut down. No warning, no explanation.

Jonathan Corona ·
opinion

Why People-First Product Training Still Matters in a Digital World

In a market where convenience often trumps connection, you might wonder if there’s still space for human-led product training. As someone who has spent years delivering such training sessions, I can assure you that there absolutely is. In fact, they are more vital than ever as we continue to see a shift toward a future featuring fewer human interactions and more digital learning.

Kelly Gordon ·
opinion

Scroll-Stopping Social Media Strategies to Capture Short Attention Spans

Attention spans are shrinking across all types of media. No matter how innovative a concept may be, if it doesn’t stop the scroll, it’s quickly forgotten. That’s why Netflix has intentionally been simplifying its content, with executives directing writers to create scripts that are less complex and nuanced, and more second-screen-friendly.

Naima Karp ·
profile

Malik Delgaty Lifts, Pounds and Performs With Heart

Malik Delgaty is America’s favorite straight gay porn star. With his “boy next door” good looks, French accent and Adonis build, it’s no shock that this 6-foot-3 Canadian import has become a regular for Men.com — not to mention consistently being the most searched gay porn star over the last few years.

Ness Miller ·
profile

Sophia Locke Talks Second Acts and Self-Love

Sophia Locke has the kind of presence that instantly makes you want to lean in. She’s confident, effortlessly glamorous and exudes sincerity. Chatting with her feels like catching up over lattes with your best friend — who happens to casually drop that she’s filming three Adult Time features next month.

Jackie Backman ·
opinion

The Hidden Cost of Letting Retail Define Pleasure Brands

Not long ago, spotting vibrators and lubricants at a national chain like Target or CVS might have raised eyebrows. Now, it’s almost expected.

Rin Musick ·
profile

Reese Rideout Looks Back on a Career Written in Stardust

With his sculpted features and leading-man charisma, Reese Rideout looks like he would be at home in a Marvel blockbuster — or at least a stylish slasher flick where he plays the crafty guy who makes it all the way to the final act.

Jackie Backman ·
profile

WIA Profile: Kelsey Harris

At sister distribution brands Nalpac and Entrenue, one woman is in charge of leading customers in the right direction: Director of Sales Kelsey Harris. Since Michigan-based Nalpac took the reins of Arizona’s Entrenue, Harris has led both sales teams from her home base in Oakland County, Michigan.

Women in Adult ·
opinion

How AI Helps Creators Focus More on Creating

Being a content creator today is about a lot more than just content. It’s about marketing, scheduling, analytics and writing — a lot of writing. Whether it’s sexy captions, subscriber newsletters or the perfect social post, words matter.

Megan Stokes ·
Show More