Mayor Catherine Pugh today announced the city will start a nonprofit to invest in distressed neighborhoods that have for years been passed over for development.
Ex-Ravens running back Justin Forsett will be on TV this weekend pitching his shower-alternative body wipes to some celebrity investors.
As city leaders and developers were pouring hundreds of hours into their Port Covington pitch for Amazon’s future second North American headquarters, a neighborhood group was quietly assembling its own application for HQ2.
In a one-on-one interview on CNBC yesterday, Under Armour CEO divulged that he really does like Donald Trump and remained confident that his company will overcome its recent struggles in the year ahead.
Baltimore is among the most favorable places for you to build up your savings, according to a list compiled by financial services firm Bankrate.
Dealbook is reporting that Maryland venture capital firm New Enterprise Associates, which had its start in Baltimore and has a Baltimore office, just raised an astounding $2.6 billion fund, “one of the largest in venture capital history.” The figure is not only remarkable for its size, but for the rapidity with which the Bethesda-based company was able to raise the money.
This story was originally published on Feb. 1, 2012, but given today’s Facebook IPO, we thought we’d re-run it. – The Eds.
Rumor has it that Facebook is set to file an IPO in the near future. No doubt, this will be a big deal. Not only is Facebook omnipresent in our social lives, its also helping shape our economy. A few months ago, a study showed that Facebook apps have created 182,000 jobs worth more than $12 billion. So is investing in Facebook a good idea?
Well, maybe, according to Gerard Hoberg, associate professor of finance at the University of Maryland. In the pro-column: Facebook is already huge, and it seems like it’s here to stay. And word on the street that Morgan Stanley is underwriting the IPO. “History shows that IPOs underwritten by strong names… tend to be successful investments,” Hoberg points out. But the big question is growth. Is it possible for Facebook to get bigger than it already is? “How much upside is left?” Hoberg wonders. “Although the first day return for Facebook will likely be substantial, its long-term outlook may be average for the industry.”
So invest or not, as you see fit… but prepared for a whole lot more Facebook in your future.
Courtesy of Citybizlist – Over the past few years, it felt like the tech community in Baltimore was really growing into something magical. Lots of grassroots events, lots of passion, and consistent attendance at the Beehive co-working space were indicators.
But now, the community is on a knife’s edge and could just as quickly plummet. The few people who were affecting change in the city have moved on, or lost interest because of the bureaucracy, or personal issues.
The loudest voices made their requests known, but none have borne fruit. Baltimore’s leadership is slower and just as corrupt. As an example, New York City planned and will launch their bike share system of 10,000 bikes before Baltimore will launch its 300-bike system. What’s worse, people who care deeply about the city and making it a better place to live are apparently snubbed by the city specifically because of how outspoken they are.
Example: Baltimore’s new Chief Digital Officer position. It was publicly known that Mike Brenner, a huge champion of the local tech community, pinged the city’s CIO, Rico Singleton, about the position and heard nothing back.
In a live chat with Singleton and three (inexplicably anonymous) CDO candidates, I asked why Mike Brenner wasn’t included in the running. Singleton responded, “Mike Brenner never submitted a resume and I was not aware of his interest.”
I replied, “If the ultimate goal is to find the best person for the job, why does it matter if he submitted a resume or not?”