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 Thats great. I would buy at this level.
@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
@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.
@gabrielesvelto At this rate, along with the Paramount/Warner Bros. mess, Larry will likely have to sell the Island of Lānaʻi
Heh. Coreweave (CRWV) and Nebius Group ( NBIS ) are also tanking. This could be Bad for AI.
@gabrielesvelto Oracle's flagship database is a needlessly complex piece of Ghosa which keeps hundreds of thousands of DB engineers needlessly employed.
@gabrielesvelto Guess they didn't see that coming!
@gabrielesvelto Will we see Ellison flayed by investors to get something of value out of him? Hmmm…
Anyone who enabled the Jan 6 coup attempt deserves the same fate
https://www.status.news/p/larry-ellison-2020-election-cbs-news-january-6
https://www.washingtonpost.com/politics/2022/05/20/larry-ellison-oracle-trump-election-challenges/
Anyone who fostered Project 2025 deserves the same fate
https://www.sfchronicle.com/tech/article/project-2025-oracle-19654875.php
https://www.nytimes.com/2023/04/20/us/politics/republican-president-2024-heritage-foundation.html
Anyone shilling for fossil fuel funded fascism deserves the same fate
https://arstechnica.com/information-technology/2024/09/omnipresent-ai-cameras-will-ensure-good-behavior-says-larry-ellison/
https://thebulletin.org/2025/06/trumps-ai-gamble-in-the-gulf-doesnt-put-america-first/
Anyone desiring a rightwing media monopoly deserves the same fate
https://www.americanprogress.org/article/paramounts-anticompetitive-merger-with-warner-bros-is-fueled-by-investments-from-regimes-with-deep-trump-ties/
