AP News

News Summary: Silicon Valley isn't sharing misery

WALL STREET MISERY: The stock prices of Facebook and its playful sidekick, Zynga, have plunged in the past six months.

THE OPTIMISM: The mood is still good in Silicon Valley. People there tend to focus more on long-term prospects than short-term performance.

THE EVIDENCE: Entrepreneurs are still raising millions of dollars. Apartment rents in San Francisco are high, as are salaries for software engineers.

Steve Ballmer, Power Forward
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