they wouldn’t sign such stupid deals for no reason.

Greed. The reason was greed. They bought into the hype and thought they could print money.

And all the tech companies are doing it, Oracle was just the sick man of the bunch, and will be the first to fall, dragging the rest down with them.

All because they're offloading trillions in debt to special purpose vehicles, the same thing that tanked Enron, the difference is that Enron, with $400 million in debt, was lying about it, and the current tech companies doing the exact same shit, are disclosing the debt legally, but still hiding it in the fine print of their disclosures.

The debt will still crash the economy, but at least it's out in the open?