READY FOR THE REWARDS

Credit: Jesse Lenz/Daily Beast
Ahead Of Facebook’s IPO, Giddy Spending Blitz In Silicon Valley
THANKS IN PART TO FACEBOOK’S IMMINENT IPO, IT’S GIDDY TIMES IN THE SILICON VALLEY.
The newly rich and impending rich are on a spending spree, according to the Los Angeles Times. Facebook’s IPO hits Nasdaq’s market on Friday, heralding “a new era of prosperity in a region famous for minting fortunes,” writes Jessica Guynn. Consequently, company employees are spending in advance of their new wealth as a result of the company’s $100 billion valuation.
Houses are selling for hundreds of thousands above their asking prices, upscale restaurant lines are long and luxury cars are zooming off of dealers’ lots. Markets — and egos — are inflated.
Read more →























