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It can make sense if your company is branching out into other products, but the original name is too closely associated to one specific product, like Facebook for the website and Google for the search engine.
The Microstrategy --> Strategy rebranding seems kinda dumb though.
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I can understand why one might think that.
I have a hard time fully understanding the full value of changing a company name.
Examples: Facebook --> Meta Google --> Alphabet MicroStrategy --> Strategy
None of these seem to add any value.