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>> MicroStrategy’s revenues have barely grown over the past decade, from $455 million in 2010 to $486 million last year. Totally agree, and this line from the
by TuringNYC 6y ago
>> MicroStrategy’s revenues have barely grown over the past decade, from $455 million in 2010 to $486 million last year.
Totally agree, and this line from the article jumped out at me. So -- during a giant tech boom -- the company was unable to grow revenues...and now it is pivoting to a pseudo-asset management company with a singular bet on BTC?
As a shareholder, why would I want this? If I need BTC exposure, I can buy BTC directly, I dont need it co-mingled with a software firm.
How does the board allow this to happen?
- nknealk 6y ago>> How does the board allow this to happen? This is the real question. I wish we could have a transcript of the discussion between treasury staff and the board on why it was a good idea to tie up cash in this way.
- mrguyorama 6y agoThe cynical take is that company boards are often close knit and carefully networked old boys clubs full of people willing to screw over shareholders to help out each other, because a CEO in one company is often on the board for another company, which will then have some of the other board members in C level positions. It's a super incestuous club that basically prevents you from losing money