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Economy

Profits of the pandemic: Moderna gives Boston's property market a shot in the arm after executives splashed out millions on luxury homes near pharma giant's HQ after COVID vaccine sent profits soaring

2022-07-24

[Daily Mail, where America gets its news]

Moderna's executives and staff are hoovering up premium real estate close to the company's headquarters in Boston and beyond

This comes on the back of the company's rapid growth during the Covid-19 pandemic which saw Moderna's employee count go from a few hundred to over 3,000 in two years

One scientist spent over $11 million on property less than 12 months after joining the company

Shares of the company are up from $28 in early 2020 to $166 at the time of writing. The stock peaked at nearly $500 in August 2021

Posted by:Skidmark

#3 I lived in Boston for two years. It really is a wonderful city when it's not under 3 feet of snow.

Posted by: Tom 2022-07-24 07:23

#2 #1 Assassinations needed in here.

You know better than that, Joe.

Posted by: badanov 2022-07-24 00:39

#1 I'm fine with this shit - thanks for supporting my home value!

On a more serious note - I went into work in the Financial District on Wednesday (and Friday). Overall activity businesswise seems to be almost back to normal (parking garage availability & traffic levels). Unlike other cities that had mass rioting a few years ago, we only got hit with two nights of that bullshit, light damage compared to Portland, Seattle, Minneapolis and some others. It looks to me like the rebound occurred one year earlier than I expected it to. There's still a problem with empty / unrented commercial office space in a number of areas, so maybe I can't see everything just by watching.

Posted by: Raj 2022-07-24 00:30

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