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[–] 154 points 5 months ago (2 children)

Larry Ellison is a MAGA fuckwad

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  • [–] 102 points 5 months ago (2 children)

    .... So oracle has been pretty much a straight and slow climb in valuation since 2002.

    They had a significant and fast "spike" for pretty much the year of 2025 and then dropped back down to that same slow climb trend (if you ignore the 2025 spike, their chart would look the same as it has for the past 20 years of mostly slow upwards momentum).

    Upon the news today, their stock went up 6%.

    In other words, like most things shown to you, you've been presented with cherry picked data points to align with the agenda that the presenter wants you to have.

    As a side note, I wish about 95% of all ai would burn to the ground, along with Oracle.

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  • [–] 69 points 5 months ago (1 child)

    If the end result of all this AI mess is the death of Oracle I’m okay with it.

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  • [–] 68 points 5 months ago

    Good, fuck them.

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  • [–] 55 points 5 months ago (3 children)

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

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  • [–] 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%

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  • [–] 6 points 5 months ago (1 child)

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

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  • [–] 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.

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  • [–] 51 points 5 months ago

    If we're really super lucky the Paramount/WB merger falls apart because Daddy's shiny money just ain't there no more.

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  • [–] 33 points 5 months ago*

    Oracle has been dying company for last 20 years, their horrible db licensing and cash cow strategy has ensured it.

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  • [–] 31 points 5 months ago* (3 children)


    They're still good 5 years performance +109.54% 1 year performance +4.97%

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  • [–] 11 points 5 months ago (1 child)

    Is it fundamentally weird that massive companies have such massive spikes of essentially imaginary valuation? Isn't the only useful thing we get out of turning our economy into a casino accurate pricing driven by market forces? How can this market decide if a massive established figure is worth $300 or $150 decades after its creation?

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  • [–] 5 points 5 months ago

    The answer is surprisingly easy, the valuation comes from the price people are willing to pay for the stock.

    People seem to believe the AI hype will increase value, or at least are willing to bet that it will, and thus are willing to pay more for it.

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  • [–] 31 points 5 months ago (5 children)

    Oracle's software is massively used to count money. Now there's AI in there. The AI is terrible at counting.

    We are about to experience the whole new dimension of fuuuuuuuck.

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  • [–] 25 points 5 months ago (4 children)

    Imagine making a computer that can't count

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  • [–] 24 points 5 months ago (5 children)

    That reminds me. I've been abusing their free tier. Need to line something else up to replace them for when they finish collapsing.

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  • [–] 13 points 5 months ago (1 child)

    I guess I'm lucky they never let me sign up with a Proton email because it was "suspicious" and went with a cheap ovh droplet instead.

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    [–] 20 points 5 months ago* (5 children)
  • [–] 16 points 5 months ago (1 child)

    JESUS CHRIST, A LITTLE WARNING NEXT TIME?!

    I totally though it'd be the image of the white techbro-lookin dude with tears in his eyes.

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  • [–] 12 points 5 months ago* (2 children)

    Don't link images from Reddit. They do some fuckery where they redirect from the bare file to an HTML page containing it.

    Just straight-up steal the image and re-upload it to Lemmy instead, like this (hidden in a spoiler tag in this case because WTF):

    spoiler


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  • [–] 20 points 5 months ago

    Mad props to whoever shorted back in September.

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  • [–] 12 points 5 months ago (1 child)

    I know someone who works there who’s a huge lazy asshole I hope he got laid off

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  • [–] 9 points 5 months ago

    Oh so that's why they've suddenly been arrassing my company for license money

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  • [–] 9 points 5 months ago

    I haven't drank in a while, but I'll get loose as a goose if I get to dance over Oracle's grave.

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  • [–] 8 points 5 months ago

    Larry Ellison is famous for being the most eggregious at financing his lifestyle tax free by taking out loans (doesn't count as income) against his stock. His Zionazi/MAGA media (WB, tiktok) takeovers are financed by his loans on Oracle stock. UAE may one day soon, back out of it's Zionist assistance in WB takeover, which Ellison has had to promise to fully backstop. 30% of his Oracle ownership was secured to loans in 2025. Extra $40B guarantee for WB puts him closer to bankruptcy. Tiktok investment was purely for zionazi media control. All profits go to bytedance still. WB purchase is also pure zionazi motivated, as it is grossly overpriced takeover.

    Forced sale of Oracle stock would incur a huge tax bill, and lenders seizing the shares also gives him the same tax bill, afaiu.

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  • [–] 8 points 5 months ago

    Don't give me hope.

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  • [–] 7 points 5 months ago

    Larry Ellison is a danger to the entire world.

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  • [–] 4 points 5 months ago

    They fell off sense the bought sun Microsystems

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  • [–] 4 points 5 months ago

    Great visualization of sunk cost 😅

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  • [–] 3 points 5 months ago

    I hope they go down even further. Shitty company with a shotty owner.

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  • [–] 3 points 5 months ago

    Get wrecked Ellison

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  • [–] 3 points 5 months ago
    [–] 2 points 5 months ago (2 children)

    anyone have confirmation on that 30,000 number?

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