😅 Oracle is already underwater on its ‘astonishing’ $300bn OpenAI deal // FT
｢ But Oracle’s net debt is already at 2.5 times ebitda, having more than doubled since 2021, and it’s expected to nearly double again by 2030. Cash flow is forecast to remain negative for five straight years ｣
https://www.ft.com/content/064bbca0-1cb2-45ab-85f4-25fdfc318d89