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Saylor steps down as CEO of Tysons tech company MicroStrategy
Home » Business & Finance » Saylor steps down as…
Saylor steps down as CEO of Tysons tech company MicroStrategy
Jeff Clabaugh | jclabaugh@wtop.com
August 3, 2022, 11:38 AM
Michael Saylor, who cofounded business intelligence software company MicroStrategy in 1989, will step down as the company’s chief executive Aug. 8 to focus on increasing the company’s bitcoin investments.
MicroStrategy President Phong Le will become CEO. Saylor will become executive chairman.
MicroStrategy is one of the biggest holders of bitcoin in the world. The company also just reported a $1 billion second-quarter loss on the recent plunge in the prices of cryptocurrencies.
{snip}
Jeff Clabaugh
Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.
jclabaugh@wtop.com
@wtopclabaugh
Saylor steps down as CEO of Tysons tech company MicroStrategy
Jeff Clabaugh | jclabaugh@wtop.com
August 3, 2022, 11:38 AM
Michael Saylor, who cofounded business intelligence software company MicroStrategy in 1989, will step down as the company’s chief executive Aug. 8 to focus on increasing the company’s bitcoin investments.
MicroStrategy President Phong Le will become CEO. Saylor will become executive chairman.
MicroStrategy is one of the biggest holders of bitcoin in the world. The company also just reported a $1 billion second-quarter loss on the recent plunge in the prices of cryptocurrencies.
{snip}
Jeff Clabaugh
Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.
jclabaugh@wtop.com
@wtopclabaugh
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