$Oracle(ORCL)$ if it was not so depressing, g, Oracle would be such a good joke. Overestimated their ability, then exploited investors confidence and pulled the rug out from under them by devaluing their bond value by issue even more bonds to fund the AI expansion.
Now that dividends are going out, Larry elison owning 40+% of the company must be feeling wonderful. Everyone suffers because of his decision, but he is still making good money while the medium term prospects seem a little dim.
Around USD 1.4 billion of dividends will be handed out, while expectations have cash spending hitting 23 billion.
Larry constantly goes around using his questionable ties to the us president to stick his finger in other pies, worth noting is that he now owns 15% of the joint venture that takes control of Tiktok in the usa.
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