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 Is that thanks to, or in spite of AI?
@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. 😐
Guess the Oracle didn’t foresee that.
@gabrielesvelto HELL YESSSS IM BRINGING OUT THE WINE
@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
@gabrielesvelto okay,
And I have heard most Americans not supporting Trump,is it the same story with you?
@gabrielesvelto Each time I see these Oracle charts, I run a backup of my Oracle "Always Free" cloud instance. 🥲
@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.
@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.
@gabrielesvelto Everyone not named Ellison should celebrate, but holy hell is that price still high.
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 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
