On the eve of MicroStrategy’s 1998 stock market debut, founder Michael Saylor stayed at the Lotte New York Palace, with Merrill Lynch covering the costs, before watching the stock open on the Nasdaq the next morning. MicroStrategy’s shares rose 76%, kicking off the dot-com boom. In 2024, Saylor urged Microsoft to invest in bitcoin, with MicroStrategy already holding $42 billion worth of the cryptocurrency, leading to a market cap increase from $1.1 billion to $82 billion.
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Airline alliances still short of a first-class product
United Airlines and JetBlue have announced a partnership called Blue Sky, allowing them to sell each other’s flights online, expanding JetBlue's network while United gains access to key flight slots at JFK. Unlike previous attempts at mergers, this alliance does not involve revenue sharing or coordinated schedules, aimed at navigating competition regulations. Despite a 1% drop in their combined market value post-announcement, the partnership may offer real benefits for customers as genuine mergers remain challenging...
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