Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
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@gabrielesvelto looking at the longer term, they are still doing fine. But every bit helps....
@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
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto Everyone not named Ellison should celebrate, but holy hell is that price still high.
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@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.
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@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.
@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.
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@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.
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@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.
@maccruiskeen
And then what?
Are you are gambler and are shorting their stock?
@gabrielesvelto -
He (Larry) already has to give a personal guarantee against his own trust fund on one 16 billion loan. One more downgrade and it's junk status.
Of course, there will be those who will say "but on the dip! Big opportunity!" Hope they lose everything . My guess is broadcom will buy the husk.
@barbra @gabrielesvelto If Larry Ellison winds up flat broke I can only think of like 3 people who deserve it more.
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto Each time I see these Oracle charts, I run a backup of my Oracle "Always Free" cloud instance. 🥲
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto is Oracle a currency?
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto Now where are the margin calls that will scuttle the Warner deal.
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto HELL YESSSS IM BRINGING OUT THE WINE
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@gabrielesvelto is Oracle a currency?
@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
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
Guess the Oracle didn’t foresee that.
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@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
@gabrielesvelto okay,
And I have heard most Americans not supporting Trump,is it the same story with you? -
Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto
Wonderful!! I just received notice of my Oracle privacy settlement. I'm curious how much it is. Recently the one from Facebook was around $30. Can't remember exactly. That was for stealing all my data back in the Cambridge Analytica era. That's how long it took.
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
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He (Larry) already has to give a personal guarantee against his own trust fund on one 16 billion loan. One more downgrade and it's junk status.
Of course, there will be those who will say "but on the dip! Big opportunity!" Hope they lose everything . My guess is broadcom will buy the husk.
@barbra @gabrielesvelto couldn't happen to a nicer fascist
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Happy "Oracle has lost more than 60% of its value since the peak one year ago" to all those who celebrate
@gabrielesvelto@mas.to Ahh, you love to see it.
