Report: Even more cash for Facebook?

A Forbes writer reportedly overheard that two New York-based hedge funds have infused the social network with something in the neighborhood of $250 million.

Looks like the "$240 million poke"--also known as the high-profile stake in Facebook that Microsoft acquired on Wednesday--may not have been the only deal-making. Forbes' Elizabeth Corcoran posted a quick blog entry saying that she'd heard two New York-based hedge funds had each handed over about $250 million to the cash-fueled social network. The Silicon Alley Insider notes that this makes sense, as rumors had pointed to a $750 million goal for the financing round in the first place.

Facebook representatives declined to comment on the matter.

Additionally, Fake Steve Jobs (who is really a Forbes reporter himself) also reported that the "hedgetards" are in on the deal, which would be unremarkable were it not for his coining of the hilarious term "hedgetard" (you know, in the same vein as "frigtard" or "freetard").

Featured Video

The Alfa Romeo Giulia Sprint is automotive aristocracy

Charles Morgan is back on Carfection, this time looking at the Alfaholics GTA-R 270, a re-imagined Alfa Romeo Giulia Sprint. The tweeks that have been made make as fast as a modern day sports car while retaining it's classic beauty.