RE: https://mstdn.social/@markhburton/116934369011608792
“And then there is Oracle, busy carving out a legacy of bankruptcy:
-35% return on investment
debt 5x its equity
…and plans to lay off staff in batches of 10,000, ostensibly in the name of a massive AI-driven productivity leap but in fact a desperate measure to restore cash flow and stave off default.
Oracle’s collapse would be the kind of event seen in every major financial crisis: the moment when the spell is suddenly broken, and a belief comes crashing down.”