From Facebook to Google, Silicon Valley frowns on flashy spending
(NEWSER) - Facebook's staff may be full of zillionaires, but don't expect Ferraris in the parking lot. Silicon Valley, where almost 14% of homes earn more than $200,000 per year, is deeply opposed to conspicuous consumption—hence Mark Zuckerberg's iconic hoodies and Facebook COO Sheryl Sandberg's underground house. "The message here is, ‘Keep shipping product,'" an insider tells the New York Times . "If someone buys a fancy car and posts a picture of it, they get ridiculed and berated." More»
