613
quick get in on it before the bubble pops (thelemmy.club)
submitted 5 months ago* by to c/fuck_ai@lemmy.world
54 comments fedilink hide all child comments
 

https://cyberplace.social/@GossiTheDog/116324463517531876

you are viewing a single comment's thread
view the rest of the comments
[–] 55 points 5 months ago (3 children)

I thought it might be y-axis fuckery, but nah their stock has actually tanked.

  • permalink
  • fedilink
  • source
  • hideshow 3 child comments
    •
  • [–] 19 points 5 months ago*

    More x axis fuckery, if you zoomed out to the period which they actually went all in on AI, about two years ago, you'd see they were rewarded for it with a spike in evaluation, before coming back to earth which OP is showing.

    On the other side if you zoom into today, when the layoff announcement was made, they're up ~6%

  • permalink
  • fedilink
  • source
  • parent
  • [–] 6 points 5 months ago (1 child)

    It’s still misleading; overall it’s back to a “normal” trajectory.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 16 points 5 months ago

    Receding value does still pose massive problems for a company, between reputation cost and massively reallocating funds they hoped to use. overextension isn’t unusual and the implosion can be terrifying. Hence oracle’s 30000 personnel cuts. Personally, I hope they die horribly. Fuck oracle.

  • permalink
  • fedilink
  • source
  • parent