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Facebook spends $50,000 of Microsoft's money on investor's nightclub

PangaeaMicrosoft's $200 million is not all going to buy servers, as Mark Zuckerberg would like you to think. He splashed out $50,000 to rent Pangaea, an Austin nightclub, for the week, or so a doorman said as he turned away a local the other night. Pangaea is part-owned by Ken Howery of the Founders Fund, a Facebook investor. The payoff of this cozy arrangement: When Zuckerberg needed to do damage control a day after his tragicomic keynote interview, he had a stage at the ready. (Photo by Yelp/Kevin N.)

5:42 PM on Mon Mar 10 2008
By Owen Thomas
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