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MicroStrategy racks up $1 billion loss, says CEO will leave that post

·2 min read
MicroStrategy racks up $1 billion loss, says CEO will leave that post
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MicroStrategy Chief Executive Michael Saylor will be stepping down from that post and focusing on his board role, a change announced Tuesday as the software company that has made big bets on bitcoin posted a decline in revenue and took a large impairment charge in the wake of a decline in digital-asset prices.