Write-Offs: 04.09.12

$$$ Facebook to Buy Instagram For $1 Billion [WSJ]

$$$ “[R]ight before its billion dollar acquisition from Facebook, Instagram closed a $50 million Series B round from Sequoia, Josh Kushner’s Thrive Capital, Greylock and Benchmark at a $500 million valuation. … Investors, many of whom didn’t know about the Facebook acquisition, literally doubled their money (which was wired to Instagram last Thursday) overnight.” [TC]

$$$ Feds aim to sack former Bears QB Jim McMahon over bad bank loans [Chicago Sun-Times]

$$$ “JOBS Act won’t mean mass marketing for hedge funds.” Just a few discreet ads on Dealbreaker. [AR-Alpha]

$$$ John Mack: “You have to do what makes you passionate and turns you on. And this really turns me on.” “Selling women’s shoes? [NYM]

$$$ Are you in business school and looking for a job? T. Rowe Price is looking for an MBA intern in its global investment services division [DBCC]

$$$ What if the Sky Fell? [Bloomberg TV]

$$$ Banks test ‘CDOs’ for trade finance [FT]

$$$ Bank of America, Barclays Deny Illegal Acts Over Archstone [Bloomberg]

$$$ William Cohan thinks that an FDA for financial products is a silly idea; update your priors [Bloomberg, earlier]

$$$ ‘The Unchosen Ones,’ a proposed reality TV series, focuses on former Hasidic Jews [NYDN]

$$$ The Jennifer Love Hewitt Handjob Hour Is The Funniest New Show On TV [Gawker]

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Comments (5)

  1. Posted by Beerio | April 10, 2012 at 8:23 AM

    Instagram is worth $1bn with zero revenue? Someone should tell Falcone to poke Zuckerburg.

  2. Posted by VonSloneker | April 10, 2012 at 10:04 AM

    Blue Light Special, 50% off on Instagram shares for our bestest-bestie-VCs. Shhhh, don't tell the minnows.
    http://techcrunch.com/2012/04/09/right-before-acq

  3. Posted by Bristol Airport Hotels | April 19, 2012 at 12:30 AM

    IELJwa Fantastic article. Great.

  4. Posted by bookmarking submission | September 20, 2012 at 5:10 AM

    nV3p3z Say, you got a nice blog.Really looking forward to read more. Great.

  5. Posted by crork | October 8, 2012 at 6:08 PM

    u0aSFv I think this is a real great article.Much thanks again. Really Cool.