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Silicon Alley
noun
- an area of New York City in which industries associated with information technology are concentrated
Example Sentences
When Silicon Alley Insider, a predecessor to Business Insider, published those messages in 2010, Zuckerberg apologized during an interview for a New Yorker article, saying he “absolutely” regretted those remarks.
It also contributed to the conversion of the Meatpacking District, to the market’s south, into a hotbed of trendy venues; helped secure the success of the High Line, a reimagining of an abandoned elevated railroad on the market’s west flank as a verdant, ribbonlike park; and set the stage for a proliferation of high-tech firms that rebranded the neighborhood as Silicon Alley.
When theGlobe.com, an early social media website, went public in late 1998, its shares soared more than 600 percent, a record at the time. TheGlobe.com, like so many start-ups in Silicon Alley and Silicon Valley, collapsed when the dot-com bubble burst a couple of years later.
Start-ups clustered in the Flatiron district of Manhattan, an area known as Silicon Alley.
If Amazon does win the race to the trillion-dollar mark, look for it coming soon to a Silicon Alley near you.
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