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Michael J. Saylor
Michael J. Saylor
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American business executive, entrepreneur, and philanthropist (born 1965)

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Dot-Com Bubble and Accounting Scandal Timeline

This timeline covers the turbulent period surrounding the dot-com bubble burst and the accounting scandal that impacted MicroStrategy.
Dot-Com Bubble Burst
2000
The bursting of the dot-com bubble significantly impacted MicroStrategy's stock price and market capitalization.
Accounting Scandal Allegations
March 2000
The Securities and Exchange Commission (SEC) accused MicroStrategy of inflating its revenues through aggressive accounting practices.
Settlement with the SEC
December 2000
MicroStrategy settled with the SEC without admitting or denying wrongdoing. Saylor and other executives agreed to pay fines. Saylor agreed to a disgorgement of $8.3 million in ill-gotten gains and paid a civil penalty of $350,000.
Company Restructuring and Recovery
Post-Scandal Period
Following the settlement, MicroStrategy underwent significant restructuring and focused on rebuilding its reputation. Saylor remained as CEO, but the scandal left a lasting mark on his reputation and the company's valuation.