Microstrategy Cl A (MSTR) is trading 7% higher at $296.97 today.

Microstrategy Cl A has been trading between a 52-week high of $891.38 and a 52-week low of $134.09. The stock has a market cap of $2.75 Billion.

MicroStrategy is a worldwide leader in enterprise analytics and mobility software. A pioneer in the BI and analytics space, MicroStrategy delivers innovative software that empowers people to make better decisions and transform the way they do business. MicroStrategy provides its enterprise customers with world-class software and expert services so they can deploy unique intelligence applications.

Michael Saylor Changes his Role at MicroStrategy to Focus on Bitcoin
Crypto Economy 08-03-22

Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
Bitcoinist 08-03-22

Futures Jump, Bonds Slump As Taiwan Tensions Ease
Zero Hedge 08-03-22

‘The Black Swan’ author calls MicroStrategy’s CEO step down a ‘nail in the coffin’ for firm’s BTC strategy
CryptoPrice Nigeria 08-03-22

MicroStrategy''s CEO Is Stepping Down. Here''s Why the Stock May Be Set to Spike.
Barron''s 08-03-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

mpoozd - 12 upvotes - source
>SEC chair said "The SEC will not stand idly by while investors are punished for reckless behavior from publicly traded companies.” on MSTR investigation HKD: how about u eat my ass 

UnholyTrigon - 11 upvotes - source
MSTR was expected to have a -7.50 eps, Saylor boy delivered a -94 eps.

diabeetis - 10 upvotes - source
MSTR 2Q EPS -$94 

Master_Relative - 6 upvotes - source
MSTR lost $1B in their corn holdings and their stock doesn’t tank? Wut

ImUchiage - 6 upvotes - source
MSTR loss of -94$ per share 100% increase in operating expenses CEO stepping down only 2% down LOL wtf is this market 😹

BuffaloRhode - 6 upvotes - source
MSTR EPS of ***-$94.01***

DrSeuss1020 - 6 upvotes - source
Bro that MSTR EPS LOL

LittleStett - 6 upvotes - source
MSTR just missed by 1100%

UnholyTrigon - 6 upvotes - source
MSTR really missed earnings by 7000%

GnarlyPounderWoo - 5 upvotes - source
People confused on why MSTR isn't -25% AH... uhh they still have 129,218ish corns. corn is at 23,000 so that's $2,972,014,000, 2.9b. MSTR mkt cap is like 3.27b. Now I know this isn't all exact math for situation but they can easily fall into a situation where the stock price is below value of corn they hold (assuming the business side can keep making the payments.). Or I'm really wrong, this market shit is hard.