Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate

[lemgandi@mastodon.social]

@gabrielesvelto

Heh. Coreweave (CRWV) and Nebius Group ( NBIS ) are also tanking. This could be Bad for AI.

[mvilain@sfba.social]

@gabrielesvelto At this rate, along with the Paramount/Warner Bros. mess, Larry will likely have to sell the Island of Lānaʻi

[jsc@hcommons.social]

@gabrielesvelto Wake me up when TSLA's P/E ratio moves from over 300 to something more like the long term average for the auto industry.

[noisecolor@toot.community]

@gabrielesvelto
Why celebrate?

like even if you hate them for some reason, they are at the same place as 6 months ago, don't see a reason for fireworks.

[spaetz@mas.to]

@gabrielesvelto looking at the longer term, they are still doing fine. But every bit helps....

[johansaxe@mastodon.nu]

@gabrielesvelto Thats great. I would buy at this level.

[benhm3@mastodon.social]

@gabrielesvelto

Thank you Gabriele that is the sexiest photo I think I’ve ever seen.

Couldn’t have happened to a shittier human or a more useless piece of software.

[gabrielesvelto@mas.to]

@spaetz they're not doing fine because compared to the past both Oracle and Larry Ellison personally are heavily indebted. Oracle has debt/equity ratio close to 4 which is insane for a company like that. And all those debts are largely guaranteed by Oracle's share price. Their bonds are just one level above junk-level. If their share price drops more those loans are not covered by the collateral anymore and creditors will start feeling shaky about them. Also they destroyed their cash flow so they can't even buy back shares to prop the price. The only way for them is down.

https://www.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/101695609

[mistermoo@mstdn.social]

@gabrielesvelto Everyone not named Ellison should celebrate, but holy hell is that price still high.

[x31andy@mastodon.green]

@gabrielesvelto Looks like investors are starting to question if Oracle will actually get paid for all the data centre buildouts they have been doing for the AI companies.

[maccruiskeen@social.linux.pizza]

@Noisecolor @gabrielesvelto No real celebration yet, but a lot of their/Ellison's recent spending has been on the bet of Number Go Up. If Number Not Go Up, they're fucked.

[obscurestar@mastodon.social]

@gabrielesvelto I'm imagining a world where you don't have to ship the entire language version in your .jar file because Oracle has poisoned the ecosystem. Small efficient downloads. It's a beautiful dream.

[noisecolor@toot.community]

@maccruiskeen
And then what?
Are you are gambler and are shorting their stock?
@gabrielesvelto

[leeisme@mastodon.xyz]

@barbra @gabrielesvelto If Larry Ellison winds up flat broke I can only think of like 3 people who deserve it more.

[frumble@chaos.social]

@gabrielesvelto Each time I see these Oracle charts, I run a backup of my Oracle "Always Free" cloud instance. 🥲

[2003mugishaphocit@mastodon.social]

@gabrielesvelto is Oracle a currency?

[jcfarris@infosec.exchange]

@gabrielesvelto Now where are the margin calls that will scuttle the Warner deal.

[kameleonnn@mastodon.social]

@gabrielesvelto HELL YESSSS IM BRINGING OUT THE WINE

[gabrielesvelto@mas.to]

@2003MugishaPhocit it is a large tech company that has heavily invested in AI and whose owner has been an enthusiastic supporter of the Trump administration

[jackmexa4@mastodon.social]

@gabrielesvelto

Guess the Oracle didn’t foresee that.