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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days ago

Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate

www.cnbc.com

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Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate

www.cnbc.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days ago
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Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
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  • Dogiedog64@lemmy.world
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    3 days ago

    • Windex007@lemmy.world
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      3 days ago

  • db2@lemmy.world
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    3 days ago

    Good. More like this please.

    • krisevol@lemmus.org
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      3 days ago

      That’s not exactly what you want though. They bubble has changed the world. The dot com bubble, now everything has the Internet. The railroad bubble, now the country has them everywhere. Amazon bubble when it popped lost 92% of it’s value… Now everyone uses Amazon. If the AI bubble pops, it’s here to stay.

      • justaman123@lemmy.world
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        3 days ago

        Ai is definitely here to stay already, it’s gonna get better and worse, but eventually no one will notice it anymore, except rely on it for everything

  • SocialMediaRefugee@lemmy.world
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    3 days ago

    Regardless of what happens Ellison will remain extremely rich and the employees will get f’d.

  • ColeSloth@discuss.tchncs.de
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    3 days ago

    They spiked way up pretty hard and fast the last 18 months. This is more of a correction after extras didn’t pan out than a company going under. 4 years ago this time of year they were at $74. Right now they’re $149. I doubt it will fall below $130 any time too soon.

  • 0ndead@infosec.pub
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    3 days ago

    Get fucked Larry

  • Eat_Your_Paisley@lemmy.world
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    4 days ago

    Larry will get a bailout from his friend Don

    • comador @lemmy.world
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      4 days ago

      or his wife’s employer: China

  • Pika@sh.itjust.works
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    4 days ago

    is oracle on life support yet? I know that they been struggling with making anything innovative for years and have done a pretty good job killing any forward momentum/drive to use their products.

    • SocialMediaRefugee@lemmy.world
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      3 days ago

      Their expensive licenses and the rise of free alternatives like mysql and postgresql have been on a crash course for years.

  • Gregers@lemmy.world
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    4 days ago

    Just fucking pop already

    • g0d0fm15ch13f@lemmy.world
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      4 days ago

      Cant let it pop until the elites have divested

      • 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.works
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        3 days ago

        Hence the rush for IPO the big ones are doing.

        • Gregers@lemmy.world
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          3 days ago

          Just starting to get my head above the water now, so historically speaking that would be a red flag and bad times are coming

  • grte@lemmy.ca
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    4 days ago

    Great. I’d love to be able to see a crab rave for Oracle.

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