Time to short major stocks?
You're 2 weeks late.
LOL the drop from 2 weeks ago is about 4%.
Oracle is underwater on its $300B OpenAI deal
11–20 of 194 posts
Re: Oracle is underwater on its $300B OpenAI deal
#12Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
Re: Oracle is underwater on its $300B OpenAI deal
#13How is this even rational that companies "invest" billions of dollars that they dont even have? capitalism ad2025 is a joke
> billions of dollars that they dont even have
Companies don't ever "have" things, they are themselves things that people have. There isn't a fundamental difference between taking a loan smaller than their total capitalization or spend some money they have liquid at the bank. It's both taking money from the shareholders and spending on something.
That said, yes that investment is stupid and deserves quotes around the word. But making risky investments when the company is operating in the red isn't stupid at all... it's just that this one isn't risky, it's certainly bad.
Re: Oracle is underwater on its $300B OpenAI deal
#14Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
[deleted]
Re: Oracle is underwater on its $300B OpenAI deal
#15so, these companies are playing hot potato and this is oracle holding it.
Re: Oracle is underwater on its $300B OpenAI deal
#16It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.
> ChatGPT has brand recognition and adoption, but not the best product anymore.
Companies with worse products win all the time based on brand and adoption. So it isn't clear to me at all that Google can win.
Re: Oracle is underwater on its $300B OpenAI deal
#17Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.
So you’re saying there’s an upside?
Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life.
Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.
Re: Oracle is underwater on its $300B OpenAI deal
#18Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
But there would be other consequences too, just consider the philanthropic organizations that Larry Ellison supports! Like the Ellison Medical Foundation, a non profit whose sole purpose is to keep Larry Ellison alive as long as possible!
Re: Oracle is underwater on its $300B OpenAI deal
#19Re: Oracle is underwater on its $300B OpenAI deal
#20Time to short major stocks?
Time to put your RRSP / 401k in cash, it's all starting to seriously teeter.