Larry Ellison is worried about bigger things right now. He personally put up $40 billion as collateral in his son's takeover bid of Warner Brothers Discovery, and that merger has been paused indefinitely due to litigation.
Simultaneously, Oracle is not doing well due to the incredible amount of money they've dumped into AI with no expected return. The stock is down almost 40% over the past year, and could very well drop further. In order to cover that $40 billion, Ellison is likely going to have to liquidate a ton of assets, including Oracle stock
7 Comments
onlinepersona@programming.dev · 5 pts · 33d
Make it Snapchat and Tiktok challenge, then the young ones can also get involved in something useful.
Dack@programming.dev · 5 pts · 33d
Yea it's already popular on TikTok to just destroy these
onlinepersona@programming.dev · 3 pts · 33d
Awesome. I don't use it, but that's good to know.
AntiBullyRanger@ani.social · 1 pts · 33d
gl evading Larry Ellison’s watchful eye
protist@retrofed.com · 3 pts · 32d
Larry Ellison is worried about bigger things right now. He personally put up $40 billion as collateral in his son's takeover bid of Warner Brothers Discovery, and that merger has been paused indefinitely due to litigation.
Simultaneously, Oracle is not doing well due to the incredible amount of money they've dumped into AI with no expected return. The stock is down almost 40% over the past year, and could very well drop further. In order to cover that $40 billion, Ellison is likely going to have to liquidate a ton of assets, including Oracle stock
staircase@programming.dev · 2 pts · 31d
oooh boy this could get good. I don't like anyone's suffering ... which is why it'd be good
AntiBullyRanger@ani.social · 1 pts · 33d
nah, every hour, every day