Larry Ellison is a MAGA fuckwad
That’s good to know, but I don’t really need another reason to hate Oracle. I’ve been doing this for years and years.
He’s also very likely fucked kids. His name appears in 85 Epstein documents. So far.
If the end result of all this AI mess is the death of Oracle I’m okay with it.
kinda long overdue
Good, fuck them.
They’re still good 5 years performance +109.54% 1 year performance +4.97%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?
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.
one day later it’s down to 104% so 5 less
I thought it might be y-axis fuckery, but nah their stock has actually tanked.
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%
It’s still misleading; overall it’s back to a “normal” trajectory.
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.
If we’re really super lucky the Paramount/WB merger falls apart because Daddy’s shiny money just ain’t there no more.
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.
Imagine making a computer that can’t count
It can count but it’s easily distracted, and will make something up if it forgets a detail halfway.
Bro I already have ADHD just let me do it instead
I can’t even imagine making a computer that can count.
Just hit sand with enough lightning you’ll eventually get something
That reminds me. I’ve been abusing their free tier. Need to line something else up to replace them for when they finish collapsing.
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.
I did it back when I had zero dollars and lots of time. Probably stand up my own box now. I honestly don’t need much since I don’t host game servers or anything anymore, just a discord bot.
Same
Mad props to whoever shorted back in September.
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.
I wish we were still at the point where they might look vaguely human. No, they’ve long since morphed into a living pestilence in both body and mind. Just one more county in middle America, bro.
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
Having your URL end with …/file.ext and not linking to the raw file.ext should be illegal.
Ugh, even when I no longer go there, they still manage to piss me off. Still, siphoning pennies from them with image hosting costs outweighs my minor annoyance. Self hosting is costly
Great visualization of sunk cost 😅
I know someone who works there who’s a huge lazy asshole I hope he got laid off
You’ve met Larry Ellison too?
Oh so that’s why they’ve suddenly been arrassing my company for license money
Larry Ellison is a danger to the entire world.
I haven’t drank in a while, but I’ll get loose as a goose if I get to dance over Oracle’s grave.
