{"id":81792,"date":"2022-06-15T00:59:46","date_gmt":"2022-06-15T04:59:46","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81792"},"modified":"2022-06-15T00:35:39","modified_gmt":"2022-06-15T04:35:39","slug":"bitcoins-plunge-spells-trouble-for-the-dot-com-era-entrepreneur-who-went-all-in","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2022\/bitcoins-plunge-spells-trouble-for-the-dot-com-era-entrepreneur-who-went-all-in.html","title":{"rendered":"Bitcoin\u2019s plunge spells trouble for the dot-com era entrepreneur who went all in"},"content":{"rendered":"\n<p>(CNBC) Having <a rel=\"noreferrer noopener\" href=\"https:\/\/www.washingtonpost.com\/archive\/politics\/2000\/03\/21\/microstrategy-stock-plunges-62\/d8bcebbd-c605-429d-8e05-7990e65d9f3b\/\" target=\"_blank\">once lost $6 billion<\/a> at the height of the dotcom bubble, software entrepreneur Michael Saylor is no stranger to volatility in the financial markets. In 1999, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/MSTR\" target=\"_blank\">MicroStrategy<\/a>, Saylor\u2019s 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\u2019s stock market value in a single day.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/06\/14\/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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\u2019s software firm, admitted to overstating its revenues and erroneously reporting [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81792","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81792"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81792\/revisions"}],"predecessor-version":[{"id":81793,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81792\/revisions\/81793"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}