. [4] The company began developing software for data mining, then focused on software for business intelligence. He is also a supporter of environmental causes and has donated to organizations that work to protect the oceans and combat climate change. It is rumored that Saylor would boast that D.C. residents were fools for not maintaining a tax base in Florida, which has 0% income tax. Just a few days after attending Saylor's conference, Elon Musk's Tesla invested $1.5 million in Bitcoin. He graduated from high school first in his class, served as both class marshal and valedictorian, and was voted most likely to succeed by his peers. https://t.co/FVL9lWTTce. MicroStrategy was accused of collaborating with Saylor to facilitate his tax evasion by misreporting his residential address to local and federal tax authorities and failing to withhold D.C. When is Michael Saylors birthday? [27], In October 2020, Saylor disclosed he personally held 17,732 bitcoin at an average purchase price of $9,882. 29 REASONS is an occasional series from Inverse that offers essential context about something new in the world. the outer planets, Neptune and Pluto, were not yet discovered, since the telescope had not yet been invented. Chinese Zodiac: Michael Saylor was born in the Year of the Rabbit. [8] The stock price doubled on the first day of trading. January 7, 2023 4:00 PM GMT. The foundation runs the Saylor Academy (Saylor.org), which offers free college education and continuing professional development courses to students worldwide. The Mobile Wave: How Mobile Intelligence Will Change Everything. But whatever you think of Bitcoin, Michael Saylors own story is more complicated, calling into question what we should expect from Bitcoins latest rally. In October 2020, he disclosed he personally bought 17,732 bitcoins for $175 million. Saylor . Other states are taking notice. 8. As MicroStrategys revenue faltered in 2014, Saylor agreed to reduce his salary to $1, publicly saying the pay cut was an act of service and investment in the company. Also read: Who Is Jeff Bezos? Terrible and throwing lavish soirees including one where he was draped with an albino python. So far, the . In 1999, Mr. Saylor established The Saylor Foundation, which has donated millions to philanthropic causes including children's health, refugee relief, education, environmental conservation, and support for the arts. Saylor Baysden is 5 years old. [17][18][19] As a result of the restatement of results, the company's stock declined in value and Saylor's net worth fell by $6 billion. Bitcoin, the digital currency whose value is pegged to nothing but the amount its adherents are willing to pay for it, is at an all-time high, approaching $29,000 at the end of 2020. The company was founded on his vision of helping enterprises deliver intelligence everywhere. Saylor had to scramble to come up with a replacement plan. This page is updated often with new details about Michael Saylor. [3][5], Using the funds from DuPont, Saylor founded MicroStrategy with Sanju Bansal, his MIT fraternity brother. [3][4] He joined the Theta Delta Chi fraternity, through which he met the future co-founder of MicroStrategy, Sanju Bansal. Speculation about the whistleblowers identities has ranged widely from investors upset with the performance of MicroStrategy to disgruntled MicroStrategy employees and acquaintances who were privy to Saylors living situation. The software company's . Saylor, who controls a majority of his companys voting shares, has put more than $1.2 billion of MicroStrategy funds into Bitcoin, much of it in just the last month. 2023 BDG Media, Inc. All rights reserved. 10. Michael Saylor founded business analytics software firm MicroStrategy and ran it as CEO until early August 2022, when he moved into the chairman's role. The 24-page complaint draws on meticulous research. Saylor allegedly claimed that he was a Florida residenta state without income taxesbut was actually present in DC most of the year, and openly bragged about the scheme. The Cavallari clan! https://en.wikipedia.org/wiki/MichaelJSaylor, http://www.forbes.com/microstrategys-michaelsaylor-is-back. The case is a personal tax matter involving Mr. Saylor, the company said in a statement. Can INNODEX Surpass Binance and Uniswap? transferred 50,000 shares of Class A company stock. Discover Binance founder investments, Net Worth and Personal life, Who Is Jeff Bezos? As a result of the restatement of results, the company's stock declined in value and Saylor's net worth fell by $6 billion. The education details are not available at this time. He authored the 2012 book The Mobile Wave: How Mobile Intelligence Will . In addition to being credited as the inventor of relational analytics, he led MicroStrategy into the fields of web analytics, distributed analytics, mobile analytics, cloud computing, mobile identity, and IoT. area. The Accused Fraudster Behind the Bitcoin Boom. One Tuesday in August last year, Michael Saylor's life took a sharp turn. Michael Saylor said he sold out because he felt worn down from a 15-year run at the restaurant. Discover today's celebrity birthdays and explore famous people who share your birthday. Net worth, Wife, Investments, Who Is Elon Musk? Michael Saylor. An attorney general who has recently filed lawsuits against Amazon for antitrust (again, dismissed by a U.S. court) and against Michael Saylor (one of the most vocal Bitcoin advocates on earth) personally, and MicroStrategy (one of the most pro-Bitcoin public companies on earth) professionally, may have more to do with an attempt to silence or . Racine alleges in his filing intervening in the whistleblowers suit that MicroStrategy actively conspired with Saylor to carry out tax fraud and named the company as a second defendant. The 58-year-old American entrepreneur has done well thus far. [20][21], In a 3,000-word memo to all MicroStrategy employees on March 16, 2020, entitled "My Thoughts on COVID-19," Saylor criticized countermeasures then being recommended against the disease, saying that it is "soul-stealing and debillitating [sic] to embrace the notion of social distancing & economic hibernation" and predicting that in the worst-case scenario, global life expectancy would only "click down by a few weeks." The meeting was an attempt to convince other corporate executives of the benefit of Bitcoin for their portfolios. Douglas Gansler, an attorney representing the whistleblowers and a former Maryland attorney general, said his clients are multiple people and wish to remain anonymous. Moreover, Saylor was recognized in 1999 as an Innovator Under 35 by the MIT Technology Review. [31], On August 31, 2022, the Attorney General for the District of Columbia sued Saylor for tax fraud, accusing him of illegally avoiding more than $25 million in D.C. taxes by pretending to be a resident of other jurisdictions. Cyber Hornets Off-Center Social Card. Scrambled for a Replacement Plan. 6. These False Claims Act laws are modeled on a Civil War-era federal statute that has helped return billions to federal coffers, but the federal law bars action on tax fraud, and most states have followed that lead in their statutes. When this writer first read that MicroStrategy founder Michael Saylor plans to sell $500 million in stock to swell his Bitcoin stash, I thought it was another half-crazed bet from the flagship . Schedule a live demonstration of our analytics and BI platform. Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive. Saylor is known for his passion for technology and innovation. He publishes a bitcoin podcast. D.C.s bitcoin king: Yachts, penthouses, a python and tax dodging? The point here is to hold the defendant accountable. The price of Bitcoin rose more than $10,000 in December alone. In 2000, Saylor, two other MicroStrategy executives, and the company itself paid a total of $11 million in a settlement with the SEC; Saylor, who personally signed off on the fraudulent earnings reports, paid $8.2 million of that. Bitcoin believers and Saylor feel his moves to amass crypto will eventually pay massive dividends, but some investors, like Ryan Ballentine of Bireme Capital, are shorting MicroStrategy stock. In recent years, Saylor has refashioned himself as a bitcoin champion and has become a major figure in the cryptocurrency world, regularly appearing on cable TV and at conferences. Source: video screenshots, YouTube . Saylor took the company public in June 1998, with an initial stock offering of 4 million shares priced at $12 each. Initially, he thought about doing a doctoral program. Saylor has called 2021 the "year of institutional investment" in Bitcoin. He is the owner of two yachts: The 45-meter Feadship Harle and the 47-meter yacht Usher.Which he named after Microstrategy's security platform Usher. [2], Saylor was born in Lincoln, Nebraska on February 4, 1965, and spent his early years on various Air Force bases around the world, as his father was an Air Force chief master sergeant. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin. The whistleblowers would keep 15 to 25 percent if and when any money is recovered. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. January 17, 2023. MicroStrategy was originally a data-mining company, but a contract with McDonalds in the '90s shifted the company's focus to business-intelligence software instead. 2. The now famous Bitcoin Maxi denies the allegations categorically. In 2017, he donated $2 million to support research on the use of the psychedelic drug MDMA for treating post-traumatic stress disorder . Astrologers and astronomers could only work with planets visible to the eye. Now, the multimillionaire is bringing other entrepreneurs like Elon Musk into the Bitcoin fold. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. Klein abruptly left the company in 2016 amid staff cuts. Saylor is worth $2.6 billion dollars generated through a diverse set of assets. Luck is on their side. People born under this sign are often seen as humorous and gifted in literature and art. This site is for entertainment purposes only. 15. MicroStrategy promised to fight the lawsuit. He is not dating anyone. The simulations predicted that there would be a recession in many of DuPont's major markets in 1990. Download all photos. He graduated from MIT in 1987, with a double major in aeronautics and astronautics; and science, technology, and society. Forbes listed his fortune at $1.6 billion in April, but drops in MicroStrategy stock and declines on bitcoin he holds have halved it in recent months. May 2022 - Present10 months. In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets. D.C. law allows the city to collect triple the owed amount in damages, along with assorted interest, fees and penalties. It's hard to know Michael Saylor birth time, but we do know his mother gave birth to his on a Thursday. A former rocket scientist, Saylor studied aeronautics and astronautics at MIT on an Air Force scholarship before founding MicroStrategy in 1989. Along with the announcement, MicroStrategy also shared its Q2 results yesterday. As a result, the company became less a business intelligence firm and more a speculation vehicle for the value of the . The company develops software that enables organizations to analyze internal and external data in order to make business decisions and to develop mobile apps. @saylor. History doesnt repeat itself, but it rhymes, and you are seeing a similar dynamic today.. Harle is registered at Enchantress Yachts LLC, which is based at the same address as the Microstrategy headquarters. He is also the sole trustee of Saylor Academy, a provider of free online education. Michael Saylor and the Philosophy of Bitcoin Maximalism. Just l In addition to investing MicroStrategy's money into Bitcoin, Saylor himself (as of October,) held close to 18,000 Bitcoin. Saylor claims in legal filings he lived in Virginia and Florida from 2005 to the present day and filed federal taxes from his Miami Beach home in later years. Saylor is worth $500 million, but this figure is not certain. MicroStrategy is a business intelligence company that uses computer software to collect and sell consumer insight to customers. Michael Saylor is an American businessman, best know for founding MicroStrategy, and hold a net worth of over $7.5 billion. Saylor lives in Mclean Virginia, and he owns a large house in the Hamptons, near New York. Michael Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. CoinEx Charity Empowers Children's Education Through. Michael Saylor was born in 1960s. Under the law, complaints are filed in D.C. Superior Court and forwarded to the D.C. attorney generals office for review. In short, he failed his physical because he had a benign heart murmur. Saylor personally lost $6 billion in a few hours, becoming the answer to a Trivial Pursuit question: Who has lost the most money in a single day? Bitcoin works, if at all, because a band of rich speculators has decided it should. When Tesla announced its purchase of $1.5 billion in Bitcoin and the adoption of the cryptocurrency as a payment mechanism in March, the price of Bitcoin hit its first record high of the year. Saylor was born on February 4, 1965, in Lincoln, Nebraska, and grew up in Dayton, Ohio. Knights father noted in a Reddit thread that the ridiculous idea to interview Saylor came after he had reached out to thank the corporate worlds biggest Bitcoin cheerleader for retweeting the video. Its the same story in a way of a classic Greek tragedy, Don Griffith, a childhood friend of Saylors, told The Washington Post in 2002. Please send us amessage. Work with our experts to upgrade to the latest MicroStrategy, quickly and with no disruption to your users. Other companies have bought Bitcoin: The payments company Square, which is helmed by Twitter CEO Jack Dorsey, bought $50 million worth in October 2020. View popular celebrities life details, birth signs and real ages. That same year Saylor purchased a $13.1 million historic mansion in Miami Beach called Villa Vecchia and began claiming he was a Florida resident for tax purposes, according to the whistleblowers complaint. Having already successfully completed flight officer training at Lackland Air Force Base in San Antonio, Texas, where he learned to fly, he was commissioned as a Second Lieutenant in the United States Air Force. MicroStrategy CEO Michael Saylor has invested billions in Bitcoin. [5] In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets. He became the D.C. areas richest person, Newsweek compared him to Edison, and he was feted as a major figure of the first internet era. He owns over 39,521 units of the company worth over $4,804,963. He graduated from the Massachusetts Institute of Technology (MIT) in 1987 with a degree in Aeronautics and Astronautics. Our reporting is copied and/or used by many international media companies. MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., according to a ruling on Feb. 28. Michael Saylor Hits Back at Allegations. (Photos byPlanespotters.net;flightaware.com;flickr.com;picssr.com;planefinder.net) Do you want us to remove a certain photo? About Michael Saylor. Here are 29 reasons you need to know about Michael Saylor, and why he is leading a new Bitcoin evangelism. Mr. Saylor is the author of the book The Mobile Wave: How Mobile Intelligence Will Change Everything, published by Perseus Books in 2012. Whos the richest Entrepreneur in the world? So, how much is Michael J. Saylor worth at the age of 57 years old? He made People magazines list of most eligible bachelors. Without the same government oversight, the value of this currency skyrockets the more people invest in it. Even Saylor, who has also called Bitcoin digital gold, has his regrets about not buying more earlier: I wish I knew then what I know now, he told a journalist in September. 13. But Saylors meteoric rise was followed by an even swifter fall. Michael Bellusci, Christine Lee. [34] The book appeared on the New York Times Best Seller list, where it was ranked number seven in hardcover non-fiction books in August 2012,[35] and was ranked number five in hardcover business books on the Wall Street Journal's Best-Sellers list in July 2012. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. This option is for you. In 2020, MicroStrategy Inc.'s stock was stagnant, and the tech . Many executives exercise stock options through private investment vehiclesand Saylor reportedly controls another company called Aeromar Management Co. LLCbut there is something strange about the move. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. Saylor is also an author, and published the book "The Mobile Wave: How Mobile Intelligence Will Change Everything" in 2012. Majority of Michaels money comes from being a entrepreneur. Michael Saylor's age is 58. Notable for founding a global software and business information company called MicroStrategy Incorporated, Saylor is also . Michael Saylor lost a record $6 billion in the tech bubble nine years ago, so maybe that's why the MicroStrategy CEO isn't letting the current financial crisis crimp his style. New movies streaming or in theaters this weekend: Michael B. Jordan directs, stars in 'Creed III,' Jason Statham is a superspy in 'Operation Fortune.' We will update Michael J. Saylor's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He fell from the billionaire ranks after questionable accounting led to a restatement of financial results and the dot-com bust crashed the stock. Michael Saylors mothers name is unknown at this time and his fathers name is under review. JUMP TO: Michael Saylors biography, facts, family, personal life, zodiac, videos, net worth, and popularity. [5][11] In 1997, Ernst & Young named Saylor its Software Entrepreneur of the Year, and the following year, Red Herring Magazine recognized him as one of its Top 10 Entrepreneurs for 1998. One of the best-known executives of the Internet bubble, Saylor was a multibillionaire in the late 1990s thanks to his stake in MicroStrategy. Twitter; Linkedin; Facebook Michael Jackson's daughter Paris says she struggles with expectations of being music legend's child. Brock Lesnar could be making his WWE exit in the near future. "If you're going to buy any long-dated asset but especially if you're going to buy property, and if you're going to buy bitcoin if . Back the early 2,000 B.C. In 1992, MicroStrategy won a $10 million contract with McDonald's to develop applications to analyze the efficiency of its promotions. Saylor was named the Software Entrepreneur of the Year by Ernst & Young in 1997, and Red Herring Magazine named him one of the Top 10 Entrepreneurs of 1998 the following year. The whistleblowers complaint alleges Saylor continued to receive lavish perks and benefits from the company worth more than $1 million a year. Michael J. Saylors income source is mostly from being a successful Chairman. Phong Le, the company's president, succeeded him as CEO. taxes. In the late 1990s, he launched The Saylor Foundation, an organization founded with the aim of providing a free collegiate education to all students. In terms of personal life, Saylor is married and has two children. Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive. Its not backed by a government, making it most useful to transnational crime networks, intelligence agencies, and anyone else looking to keep some assets off the books. People of this zodiac sign like to have fun with friends, help others, fight for causes, are a good listener and dislike broken promises, being bored, and people who disagree with them. Discover Tesla Founder Investments, Net Worth And Family. Roads More Dangerous. By Riley Cardoza. He has 29 patents currently that range from business intelligence to security and automation. I am a current Penn State undergrad student majoring in physics with minors in both mathematics and nanotechnology. Descending Triangle: An Ultimate Guide To Trade With It On A Crypto Chart. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. To support his goal of making free education available to all students, Saylor.org was launched in 2008 as the free education initiative of The Saylor Foundation. We spend a lot of team researching and deeply investigating yacht ownership structures. Net losses were also high, as the total came to $1.062 . In October 2020, a payments company owned by Jack Dorsey Twitter's CEO Square bought $50 million worth of Bitcoin. Michael Jackson's daughter Paris releases unseen footage of her father ahead of music debut. He underwent a significant change of heart, and as a result, by December 2021, Microstrategy had amassed an astounding 121,044 Bitcoin valued at more than $4 billion, which he is keen to hold forever. Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. On Aug. 8, Saylor, who co-founded MicroStrategy in 1989 with Sanju Bansal, will assume the new role of executive chairman and continue to serve as chairman of the board of directors. Saylor ve Jack geleceinin ncleridir. [13], On August 8, 2022, Saylor resigned as CEO and remained executive chairman of MicroStrategy. [12] Saylor was also featured by the MIT Technology Review as an "Innovator Under 35" in 1999. Whatever Saylor is up to, Bitcoin isnt the only thing hes changed his mind about. Saylor is widely recognized as a pioneer in the field of data analytics, and his companys software is used by some of the worlds largest organizations to make data-driven decisions. He sees Saylor headed for another crash, reminiscent of the early 2000s MicroStrategy crunch and Saylors tax issues do not help. Michael Saylor Live @ BTC2022 37:34 Sep 19, 2022 The Bitcoin Conference . However, the snake can be overly suspicious, which makes them a bit paranoid. 27. Mr. Saylor is a named inventor on more than 40 patents. Her father revealed that the video required a lot of editing, as he had to plead and bribe Lily to sit still, as they pre-recorded the questions for the MicroStrategy founder to answer later: I don't normally get nervous speaking about #Bitcoin, but it is almost impossible to get an invite to appear on the @LilyKnightShow. He founded & serves as trustee for the Saylor Academy (saylor.org), a non-profit . He is popular for being a Entrepreneur. Musk has previously had extended conversations with Saylor on Twitter about the benefits of a Bitcoin portfolio. Whoever the whistleblowers are, they appear to know a lot about Saylor. Michael Simon/Shutterstock. Bookmark this page and come back often for updates. He was also the creator and founder of Alarm.com (NASDAQ: ALRM), one of the first home automation and security companies, and Angel.com (sold to Genesys Telecommunications Laboratories for $110 million in 2013), one of the first cloud-based interactive voice response service providers. But just because Bitcoin is volatile and potentially worthless doesnt mean you cant make money from it. 19. Saylor and fellow business executive and educational entrepreneur Sal Khan both graduated from MIT. But he lost a record $6 billion in 1 day (!) Photo by Jamel Toppin/The Forbes Collection. Saylors wealth comes primarily from his holdings in MicroStrategy, in which he owns approximately 11% of the outstanding shares. . Saylor and the companies he controls, own about 129,699 Bitcoins. Why Decentralized Exchanges Are On Rise? In recent years, Saylor has become an outspoken advocate for Bitcoin and other cryptocurrencies. 51yrs 1days. They were docked in the Georgetown Harbor, and the complaint states Saylor began throwing near-nightly parties on the boats. Total revenues for the quarter fell to $122.1 million. The claims were eventually settled, with Saylor himself paying $8.3 million of his personal money. Saylor is also an active philanthropist who has donated millions of dollars to various charitable causes over the years. Setting out with the intention to unravel the mysteries of money, Michael . With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. Following the accusations, MicroStrategy's stock plunged $6 million. Saylor isn't backing down from Bitcoin anytime soon. A database with more than 1,450 yacht owners. Ultimately, if financial institutions like Mastercard and technology company's like Tesla begin to wade deeper into the crypto-waters, Bitcoin and other cryptocurrencies may be here to stay, finally. Throughout 2020 he steered Microstrategy's corporate coffers into bitcoin, using company cash and borrowings to buy 70,784 bitcoins for $1.1 billion. He is 56 years old. Michael Saylor is down about a billion dollars on his bitcoin (BTC) bet and just stepped down as CEO at MicroStrategy (MSTR), the software company he founded in . Growing up, Saylor played Dungeons and Dragons, and always insisted on being the Dungeon Master because he "liked to create and control situations.". Michael Saylor was born on the 4th of February, 1965. We have estimated English | 2022 | ISBN: N/A | ASIN: B0B5YQP7ZP | 405 pages | AZW3 / EPUB / MOBI | 1.2 MB. 23. Institutional investors are pouring billions into Bitcoin, which some analysts think account for much of its movement in recent months. The company now calls Bitcoin its primary treasury reserve asset. Saylors bold positioning (raising debt offerings explicitly to buy Bitcoin) and unapologetic attitude (hes become a regular on the cryptocurrency talk circuit) have made him a darling of crypto-loving Redditors and tech executives inspired by his example. Experts said setting up shell companies is becoming an increasingly common tactic to safeguard whistleblowers from retaliation. The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities. Saylor held on as CEO of MicroStrategy and improbably returned the company to profitability in the following years. Ascending Triangle: How to trade with it on a crypto price chart. * It doesnt do anything; it has no inherent value and cant be converted to some other purpose. Described by many as a "Bitcoin Bull," Saylor has said that he believes cryptocurrency will be a more reliable asset than gold, saying to Bloomberg "The scarcest asset in the world is bitcoin. --History of Bedford and Somerset Counties, Pennsylvania, with genealogical and. Bitcoin miners do two things in particular that gold miners could use in . The ascending triangle develops when the uptrend in cryptocurrency candlesticks begins to solidify. Saylor was born in Lincoln, Nebraska on February 4, 1965 and spent his early years on various Air Force bases around the world, as his father was an Air Force chief master sergeant. (Saylor, while bombastic on Twitter about his venture, has denied that his companys huge cryptocurrency holdings qualify it as an exchange-traded fund, or ETF, which carries with it certain regulatory burdens.) When Saylor was 11, the family settled in Fairborn, Ohio, near the Wright-Patterson Air Force Base.[3][4]. [25] As of February 24, 2021 holdings include 90,531 bitcoins acquired for $2.171 billion at an average price of $23,985 per bitcoin. By early 2000, Saylor's net worth reached $7 billion, and the Washingtonian reported that he was the wealthiest man in the Washington D.C. area. Michael Saylors birth sign is Aquarius and he has a ruling planet of Uranus. It should be the last episodes. The full content of the memo appeared on Reddit for only a few minutes and was reposted in the Washington Business Journal. Michael Saylor's application for the denial of tax evasion was rejected, but claims that Microstrategy was a partner in tax evasion were dropped. If you see something that doesnt look right, contact us. Here are ten fast facts about this multimillionaire you should know: 2.
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