Topic: Saylor steps down as Microstrategy CEO - page 2. (Read 640 times)

Yeah, they really planned this very clearly, their company is a huge company, and a lot of people are relying on them even without the involvement of their stocks or Bitcoins.
franky1 is right, his example with Elon is almost the same with Michael Saylor.
Michael Saylor is still in the company, it's just in a different position, their Bitcoins are still there, as Saylor said, he can have more focus on Bitcoin things from their company.

well, people want to speculate on things even if there is nothing extraordinary with the movement. doubt if Saylor changes his perspectives towards bitcoin or crypto, but he is not. he maybe want to explore other initiatives that he believes he can do great. people should stop thinking negative things when news like this hits the stand.

he doesnt want out.
its the same as elon musk

elon owns 'boring', solar, tesla, spaceX, and half a dozen other projects..  yet he decides to position himself with whatever professional hobby peaks his interest the most at that moment and puts someone else into the ceo delegation spot to run the other parts.

EG
CEO of elons neuralink is not elon.. its a guy named jared Birchall
CEO of elons starlink is not elon.. its a guy named Dale charles
CEO of elons solarcity is not elon.. its a guy named Lyndon Rive

Nothing dramatic happened as some try to show, and especially nothing bad happened when it comes to Bitcoin. I don't understand why some are commenting that it's a sad day for Bitcoin or anything like that, because Saylor hasn't changed his opinion about it and still remains in his company in a very prominent position.

A title does not make a man, and some people obviously overestimate what is hidden behind the abbreviation CEO.

A sad day for the bitcoin community. I wonder what made him do this. I mean he very well knows that bitcoin is going to make a new ATH in the future, so why step down now? $1b loss is a pocket change for a hedge fund as big as his. And did he close his position? Because if he didn't then he didn't lose anything. 1 btc = 1 btc. A hardcore bitcoin veteran like him should know this.

I can't make sense out of this. Was he... paper hands? Was he full of shit? Maybe he didn't believe in our cause at all. That would be the saddest shit I ve ever heard.

It will have a huge impact if he steps down, sell all your bitcoin holdings, and Saylor disappear from his company, and we can conclude that there are power play and maybe his executives and board of directors are against him and his company purchasing bitcoin.

But if he still is around as still the main executive of the company, then there's nothing wrong in there. He still controls it and probably as what his job description is, focus more on bitcoin acquisition.

Or does he want out but knows that since he is the face of the company he has to slowly leave.
According to reports the man still has billions in fiat and a ton of BTC. Did he hit that 'enough' place in his mind and wants to do his own thing.

Although rare it does happen. And, as others have mentioned it could just be time for someone else at the helm.

In the end, both Saylor and Microstrategy will be just fine.

-Dave

The fact is the company's money is volatile and you will be faced with a bear market or a loss, so liquidity is accompanied by quite a swell of interest. But when bullish response, everything becomes more fantastic. Saylor may be stepping down from the CEO role, but that doesn't mean she's changed her mind. It will stay the same and only change the strategy a bit for the better. Big Saylor Finance and the companies that have educated investing in the Bitcoin realm have taken an unmissable part.

Not that much, whether there's politics related to his company or there's sort of negativity that the media is bringing about his transition and stepping down. What would matter now is the investors that are still believing in his company while we, we're just speculators and followers every time they're going to purchase. I guess they'll still continue the purchase every time they have a budget in doing so and that's what we like to see from them as they take the news all the time they do it.

I don’t know what other guys thinking above and being positive on this news by providing speculation for bigger picture but a CEO will stepped down if he is not performing properly for his job description. He might be voted out by share holders because of the reported losses and not because Saylor want a different role. This is a company with share holders. It’s obvious that the CEO will be kicked out if there company loss tons of money due to CEO decision.

It’s very hard to find an investors in time like this while your company record a billion loss for just a small amount of time after making such decision on investing to crypto. The new CEO might do damage control in the future.

As long as they are not selling like Musk, they are not really on a loss.
Nobody can identify precisely the bottoms and the tops so, hodling is the best strategy, and Saylor knows it.
Just wait until the next bull run. Then he will be the smartest guy in the room again..
I bought my bitcoins back when the price was 4.5K and I didn't sell them when it hit that 3K in 2019 even tho I was at a loss, of course those were my money, not investor's money, but if you trust the judgment of a guy on a highly volatile asset like bitcoin with your money you should expect this kind of scenarios to happen.

Emotions are really difficult to control.

That they should totally split the company in half:
Microbankrupcy, to take care of their actual business which was already falling pretty hard prior to this.
Lasereyes, to focus on bitcoin purchases and tweeting 24/7.


Biggest in the world? Just lol.
Microstrategy's total market cap is 3.5 billion, Apple's is $2596 billion, it's not even in the first 1000 companies in the world, and not by a long margin.


He doesn't own the company, he has 72% of the voting power through class shares but has only 23.7% of the total shares of the company.

Anyhow, shares are up
313.68+35.42 (+12.73%)
so seems other investors are pleased with the kick in the butt!
 

It's quite strange that Microstrategy is looking at bitcoin with a short term outlook! Bitcoin is a long term game. I wonder what this company will do once we are back into bull cycle and the price will break the previous ATH. Will they re-instate Saylor as a CEO? As an executive Chairman, Saylor will not have much power to take direct decisions. That's why Microstrategy is offering this post to him. CEO is the one, who will take decisions and Executive Chairman will just have to sign it. That's all the power he will have. So I doubt Microstrategy will ever invest in bitcoin again.

In a way, it's good for bitcoin because a single entity will not accumulate more and take it toward centralization. But it's hilarious to see a company taking such decisions based on a short term outcome. Not good and it lacks vision, clearly!

Or on the other hand, it could be that he did voluntarily step down, as you said he basically owns the company but at a time even a Micheal Saylor might want to take that move just to calm the internal temperature of the majority if he believes that the investors have a genuine concern.

I have no issue with Saylor and believe his moves with MSTR will pay off in the next few years quite nicely, but before you say nonsense, I also look at the business aspects of things.  Sure he could do whatever he wanted, but he is no fool and wouldn't want to spook investors or tank the company.  Many investors, including 'activist' investors, don't have a solid foundational understanding of BTC and have a myopic viewpoint- q2q and as much as it sucks, there is going to be some appeasement for them, esp when you lose over 1B in a q.  He could always take his company private and do what he wants but with current market conditions and climate, going from public to private may not be the move to make right now.

I wouldn't really say this is a voluntary step down because he basically, owns this company.

But because he is demoted, it does mean he loses votes? Somehow there is the need for inside news for this to be cleared out, the politics inside a company is just hard to govern. If one has great influence among others, he'll get more votes. Phong Le must have swayed people knowing Saylor is like a spokesman of the company as well.

1. he didnt lose his job. no one asked him to vacate his office and leave the building within the hour
2. he repositioned himself so he can concentrate on bitcoin(his preferential role/professional hobby) and let another guy delegate the daily tasks of the software stuff(something he is not interesting in pursuing daily himself)
3. they will still acquire crypto, and have no plan for mass sell off
4. they have not made an actual physical loss because they have not actually sold at a loss to be a loss
5. the valuation change compared to last year is just 'paper' stats. which are never in a constant upward directions for any company that has a high collateral of assets to measure. they do have ups and downs even if they have not sold at a loss to actually lose.
6. having 'paper' loses are actually a strategic advantage if utilised well, and some companies actually love having periods of negatives 'on paper' as they can then have a bumper year the next year. its NEVER a case of every year is an exponential rise compared to previous year


seems to be alot of FUD to create negative press. maybe done so to push microstrategy share price down while its down so that people can buy more while already down(cheap) to then benefit more from the uplift after the news FUD cycles shifts

that said the effect microstrategy has on actual bitcoin in the markets of everyone wont get hit bad and thus not a big deal con concern selves over

Do you have any sources to back up that nonsense you say? Saylor has the majority of the voting power in MSTR so what you say makes no sense, he could do whatever he wanted.


Lol, that's what I was thinking. He has a new job within the company to focus on buying Bitcoin? It will surely be what you say. Now he can devote full time to show business, without wasting time on bullshit like managing a business.

Fortune, one year ago:
People who bought Bitcoin in 2016 have made a large return on it

Fortune, now:

His big bet on Bitcoin might sink him once and for all

Fortune, two years from now:

If you bought $30,000 of bitcoin 5 years ago, you would be a millionaire now

---

Look, the magazines don't actually care about anything except for outdoing their rival publications, that's why they make these kind of headlines that make them sound ridiculous.

Saylor stepping down as Executive Chairman of MicroStrategy lets him focus on acquisition of more bitcoin as the adoption of bitcoin around the globe is into high acceleration. Before making bitcoin treasury strategy the stocks of MicroStrategy were around $100 - $150 for years. This touched a high of $1034 during the February month 2021. The growth is being experienced through bitcoin and surely whatever decision taken relative to bitcoin is gonna bring them growth.

What we see with the stepping down as CEO too is the same. There's loss out of bitcoin, but in the long term it'll surely give the best results. Stepping down is a plan and not out of pressure in my view.