-Former Saatchi & Saatchi NY creative directors Pat Giles and Manny Galán, who worked on General Mills brands while at said agency, have headed back to the animation world with the launch of Cartoon Lagoon Studios. link

-Facebook’s first big investor, Peter Thiel, has sold off most of his stake. link

-Groupon is having its own issues on Wall Street. link

-Digitas alum Jason Milano has joined Tribal DDB New York as creative director on H&R Block as well as Pfizer’s Thermacare and Children’s Advil accounts.

-A classic scene from Magnolia inspires a new video from Skullcandy called #RainingHesh (above).