- cross-posted to:
- technology@midwest.social
- cross-posted to:
- technology@midwest.social
Oracle stock is currently down 22% since the beginning of the year. The company has been spending heavily on data centers, and it recently became one of the major owners and security partners for TikTok’s U.S. operations.
Ellison has also used his wealth to back his son David’s acquisition of Warner Bros., which is currently being contested in court.
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TBF, he could feel the stock is worth more and will go up, while the cash is (a) not needed to bankroll Jr any more, and (b) losing value quickly
