Other than ego, maybe he sees the writing on the wall for his core business?
But seeing all these new AI companies being valued at hundreds of billions must have driven Ellison crazy
Me neither. Isn't that enough? Does the line always have to go up? It really look like stock market and tech companies are classic gamblers. No gain or profit is good enough to just take it and stop.
Unfortunely yes, that is the MBA school, and then when the gamble fails, it is the employees that get shown the door, because company XYZ did not met their targets.
CEO might even get a bonus as payoff for a risky move, from shareholders point of view, go figure this logic.
Oracle were 40B in profit in 2024.
Now they are out raising debt (again) and equity too, to fund DCs and hardware with no proven return.
I cannot comprehend it.
Other than ego, maybe he sees the writing on the wall for his core business? But seeing all these new AI companies being valued at hundreds of billions must have driven Ellison crazy
Correct business moves would have been to get Oracle products in all possible AI outputs... Not sure how that could be done, but still an idea.
Me neither. Isn't that enough? Does the line always have to go up? It really look like stock market and tech companies are classic gamblers. No gain or profit is good enough to just take it and stop.
Unfortunely yes, that is the MBA school, and then when the gamble fails, it is the employees that get shown the door, because company XYZ did not met their targets.
CEO might even get a bonus as payoff for a risky move, from shareholders point of view, go figure this logic.
How's that tiktok purchase going for you, Larry?
It curried favor, gained him an immense amount of data and I’m suspecting is a source of revenue from various black intelligence projects.
None of that matters if you run out of money to keep the lights on
Greatest investment of his life, probably. A couple of billion and immense leverage with Trump. (they were many investors)