Skip to main content

MicroStrategy to stay in Tysons, add 300 jobs

WASHINGTON — MicroStrategy, one of Northern Virginia’s oldest technology firms, will keep its headquarters in Tysons Corner and add 300 jobs after a new headquarters search that included the possibility of relocating to the District.

The company will get a $1 million grant from the Commonwealth’s Opportunity Fund as part of its decision to stay in Tysons, and receive money and services from the Virginia Jobs Investment Program.

MicroStrategy will also invest $6 million in its existing headquarters operations.

Virginia Gov. Ralph Northam made the announcement Monday at MicroStrategy’s 1850 Towers Crescent Plaza headquarters, where it has been based since 1994.

“MicroStrategy is a prime example of the kind of company that can take advantage of the diversified technology ecosystem we have developed in Fairfax County and the tech-savvy workforce here,” said Gerald Gordon, president and CEO of the Fairfax County Economic Development Authority, which worked with the company in getting state incentives.

MicroStrategy cites the proximity of Tysons to the nation’s capital, the Silver Line and the region’s diverse and educated workforce for choosing to remain at its current headquarters.

“Having our headquarters in Tysons Corner has given us quick access to stellar business and federal organizations in the region, many of whom are MicroStrategy customers,” co-founder Michael Saylor said in a statement.

The business intelligence and data analytics firm was founded in 1989 by Massachusetts Institute of Technology alumni Saylor and Sanju Bansal, and was a pioneer in what’s known as data mining.

It now has operations in more than two dozen countries and had $505 million in 2017 revenue. MicroStrategy currently employs 800 in Northern Virginia. It has a total of about 2,200 employees worldwide.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
Read Next Story