(CNBC) Having once lost $6 billion at the height of the dotcom bubble, software entrepreneur Michael Saylor is no stranger to volatility in the financial markets. In 1999, MicroStrategy, Saylor’s software firm, admitted to overstating its revenues and erroneously reporting a profit when it actually made a loss. The fiasco shaved over $11 billion off MicroStrategy’s stock market value in a single day.
Bitcoin’s plunge spells trouble for the dot-com era entrepreneur who went all in
This entry was posted in Syndicated. Bookmark the permalink.
