S&P downgrades Oracle to BBB- – only one notch above junk level

https://www.heise.de/en/news/S-P-downgrades-Oracle-to-BBB-only-one-notch-above-junk-level-11363472.html

Paywall? https://removepaywalls.com/3/https://www.heise.de/en/news/S-P-downgrades-Oracle-to-BBB-only-one-notch-above-junk-level-11363472.html

99 points · 9 comments · view on lemmy.world

9 Comments

DoctorNope@lemmy.world · 38 pts · 36d

S&P views Oracle's strong dependence on a single major customer, OpenAI, as particularly critical.

Well it’s a good thing OpenAI is a stable foundation to build on top of. No worries about that company. I’d stake my personal reputation on it!

spartanatreyu@programming.dev · 29 pts · 36d

Good.

A programming company which produces nothing, has more lawyers than programmers, and whose entire company runs on signing ridiculous deals with corrupt managers who then leave the blast radius before anyone else finds out how bad the deals are deserves to die.

Hopefully once the company is torn apart into a million pieces and each piece sold off, maybe sensible things start happening again and the Javascript language can finally get the rights to the name Javascript.

ZDL@lazysoci.al · 11 pts · 36d (2 replies)

Where's my popcorn meme when I need it?!

Jhex@lemmy.world · 23 pts · 36d (1 reply)

ZDL@lazysoci.al · 7 pts · 36d

Now that's what I'm talkin' about!

Let's all get comfortably settled and chow down.

altphoto@lemmy.today · 5 pts · 36d

Hey, I think I can develop a Java app to check this out! Oh no, wait, unmet dependencies. Need the latest JRE...

GutterRat42@lemmy.world · 4 pts · 36d (1 reply)

Does this mean TikTok will be gone?

ZDL@lazysoci.al · 2 pts · 36d

We can only hope.

vk6flab@lemmy.radio · 3 pts · 36d

We're going to need popcorn .. lots of popcorn.