ACCOUNTING IRREGULARITIES

During the dot-com bubble (1995-2000), MicroStrategy, led by Michael Saylor, saw its stock soar from $7 to over $333, boosting Saylor's wealth past $6 billion. On March 20, 2000, accounting irregularities triggered a 62% stock drop in one day, with shares later falling below $1 by 2001. Saylor lost $6 billion in a day. The SEC charged him with accounting fraud, settled with a $350,000 penalty and $8.3 million disgorgement. MicroStrategy faced lawsuits but survived. Some praise Saylor's vision, others criticize his financial mismanagement.