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MicroStrategy was a stellar "dot-com" set up in 1989 by Michael Saylor. When it went public, its stock first sky-rocketed and then collapsed (mostly due to accounting irregularities). In March 2000, MicroStrategy announced that it was restating the previous two years of operating results to comply with new financial regulations. Following the announcement, the stock dropped 62%. Saylor, Chief Operating Officer Sanju Bansal, and former chief financial officer Mark Lynch were each fined $350,000 as part of their consent decrees with the SEC.
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