### **The Dot-Com Context** - MicroStrategy had a **price-t…

metamitya ·

### **The Dot-Com Context**
- MicroStrategy had a **price-to-earnings ratio of about 900** - 20 times higher than competitors
- The company was so confident they bought **four Super Bowl commercial slots** for ~$8 million
- Like many dot-com companies, they were wildly overvalued based on hype rather than fundamentals