Topic: Saylor steps down as Microstrategy CEO - page 3. (Read 640 times)
This wasn't a voluntary step down, it was a nicely worded smackdown no matter how the company want to spin this. Pretty sure if he didn't comply, it would have gotten really ugly for him. Too many internal stakeholder and overall shareholder concerns for him to remain as CEO.
He is still at the helm of his company, maybe he will just focus more on investing on bitcoin. And I doubt that he is stepping down as CEO because he is losing billions, for sure we all know that we are in the bear market and so everyone's investment is on the negative.
The thing about him stepping down after making a billion dollar loss sounds like a move more strategic for investors (maybe Saylor picked such an ambiguous position for himself to try to stay away from being linked to any new strategy the company comes up with under it's new figurehead). You're no longer investing in a company with a ceo that's made a 1bn loss, you're investing in one that can change leadership and may be run better as a result.
This news initially sounded bearish to me and I still can't decide if it is or not. I'd guess they could be taking a step back to maybe take a more intensive look at btc and see how the company could've better adapted to relieving its debts.
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
What are your thoughts on this moved?
What he does best? I reckon that should hire the best traders to manage Microstrategy's investment portfolio in bitcoin because Michael Saylor does not have a good recorded performance in investing.
I speculate this article might be a signal that the worst for the market is finished already, however, everyone should remain very cautious.
MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for all
Source https://fortune.com/2022/08/03/michael-saylor-microstrategy-stock-bitcoin-bet-debt-outlook/
I'm not familiar with their organizational chart but is he also the company's fist ever Executive Chairman? I get the feeling that the title was just created to save his face. Whatever the case, I share @OgNasty's view on this. They have become more identified as a company that buys and holds bitcoins than a leading software company. I guess we should expect MS to slow down on btc acquisition after this.
Could do something different
Maybe bad news soon
Maybe bad news soon
He is still at the helm of his company, maybe he will just focus more on investing on bitcoin. And I doubt that he is stepping down as CEO because he is losing billions, for sure we all know that we are in the bear market and so everyone's investment is on the negative.
And when we are in the next bull run, for sure all the risk that he had to take, to become the face of bitcoin will pay-off as his investments will grow larger.
And when we are in the next bull run, for sure all the risk that he had to take, to become the face of bitcoin will pay-off as his investments will grow larger.
What are your thoughts on this move?
I think investors have probably brought up some concerns about their Bitcoin position and strategy given the recent losses in this bear market. This move probably assures them that there is a man at the helm that is focusing on the core business and not just tweeting about Bitcoin and giving interviews every day. It also frees up Saylor to spend more of his time tweeting about Bitcoin and giving interviews every day.
It might be a bit of an embarrassment for Saylor, but he's managed to keep MSTR from selling their BTC so he's got to still be happy. 
Michael Saylor has stepped down as the CEO of MicroStrategy as it lost almost $1 billion worth of bitcoin holdings.
https://www.theverge.com/2022/8/2/23289397/michael-saylor-bitcoin-microstrategy-ceo-steps-down
Although he will remain as Executive Chairman and Phong Le taking the role of CEO from him.
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
Quote
Bitcoin advocate Michael Saylor is stepping down as the CEO of the software company he co-founded, MicroStrategy, and will instead take on the role of executive chairman. Saylor’s belief in Bitcoin has turned the company into a holding vehicle for the cryptocurrency. The news came as the company reported its second-quarter earnings. It noted a loss of $1.062 billion, mostly due to an impairment charge of $917 million based on the value of its Bitcoin holdings, which have plunged since the price peaked in November last year.
https://www.theverge.com/2022/8/2/23289397/michael-saylor-bitcoin-microstrategy-ceo-steps-down
Although he will remain as Executive Chairman and Phong Le taking the role of CEO from him.
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
After reading the article, if I look at him, it looks like what happened to Michael Sylor from being the CEO, he will be the Executive Chairman. But from another angle, this is a strategy for them to raise more funds in the future and this will happen by investing millions in cryptocurrency a few years from now. Also, it seems that Michael Saylor can do a better and perfect strategy when he is in the position of being the Executive Chairman of their company, as well as the new CEO according to my analysis on this matter, and apart from this I have no other visible reason.
But on the other hand it has a good impact on those of us who believe in cryptocurrency, it increases the reputation of this industry, which is one of the biggest companies in the world investing millions of dollars because of the great belief in this matter in Bitcoin or cryptocurrency.
I can still say that this is a good decision that Michael Saylor made in the move of putting a large amount of money into this Bitcoin industry.
Michael Saylor has stepped down as the CEO of MicroStrategy as it lost almost $1 billion worth of bitcoin holdings.
https://www.theverge.com/2022/8/2/23289397/michael-saylor-bitcoin-microstrategy-ceo-steps-down
Although he will remain as Executive Chairman and Phong Le taking the role of CEO from him.
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
Quote
Bitcoin advocate Michael Saylor is stepping down as the CEO of the software company he co-founded, MicroStrategy, and will instead take on the role of executive chairman. Saylor’s belief in Bitcoin has turned the company into a holding vehicle for the cryptocurrency. The news came as the company reported its second-quarter earnings. It noted a loss of $1.062 billion, mostly due to an impairment charge of $917 million based on the value of its Bitcoin holdings, which have plunged since the price peaked in November last year.
https://www.theverge.com/2022/8/2/23289397/michael-saylor-bitcoin-microstrategy-ceo-steps-down
Although he will remain as Executive Chairman and Phong Le taking the role of CEO from him.
And as Executive Chairman, he will focused himself to what he do best, "Bitcoin acquisition and strategy".
What are your thoughts on this moved?
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