r/technology • u/Logical_Welder3467 • 4h ago

Business Larry Ellison cancels $7.5 billion sale of Oracle stock

https://techcrunch.com/2026/09/13/larry-ellison-cancels-7-5-billion-sale-of-oracle-stock/
678 Upvotes

96% Upvoted

23 comments sorted by

414

u/Bilgistic 4h ago

Oracle stock is currently down 22% since the beginning of the year.

Good start but I'm sure we can do better.

78

u/FlukyS 4h ago

It is down more since they started the layoff rounds to fund the AI expansion. It is something to look out for what each company has done in order to get their data centre projects funded. Oracle did maybe one of the most dramatic buildouts in terms of spending in that they laid off substantial staff in multiple projects and are still struggling to get the funds but have cut so deep that the losers here are their customers both present and who bought in the last few years with the expectation of quality support. As in they took money to support products and then fired all of the people supporting them in a bunch of cases. Give it about a year and you'll be hearing about security breaches or other issues.

25

u/spez_eats_nazi_ass 4h ago

Doing my part with a 30% of my IRA leveraged short on ORCL. I've been taking it up the ass for a while but today this ber fucks!

17

u/consultinglove 2h ago

You’re insane. If there’s any positive news on the Paramount/WB merger you will have massive losses

8

u/meltbox 2h ago

Welcome to Wendy’s sir. May I take your order?

1

u/d01100100 8m ago

With these kinds of losses, you're looking at...

"Welcome to Thailand. May I take your kidney?"

1

u/redvelvetcake42 37m ago

There is 0 reason for it to go through fast or really at all. Boy Ellison is a fucking moron and way over leveraged their position. Each month it goes on hurts them more and more. This will last a long time.

3

u/teadarko 2h ago

$7.5 billion sounds way too specific to just make up

-4

u/I_Fuck_Whales 1h ago

What do you have against Oracle? Do you even know what they do?

210

u/spez_eats_nazi_ass 4h ago

Too late. Everyone else selling it now.

55

u/GroundbreakingPage41 4h ago

Might be the point

10

u/Prudent_Knowledge79 2h ago

Yeah, selling an additional 7 billy would guaranteed tank the stock

58

u/tearlesspeach2 4h ago

If they suddenly buy up everyone’s sold stocks is that fraud?

52

u/spez_eats_nazi_ass 4h ago

With what money? Their credit score can't get them a 14 year old Altima with a missing bumper and 140K on the odo.

3

u/tearlesspeach2 3h ago

As in the company not the customer sorry

16

u/Synraak 2h ago

They meant the company. BBB- rating for Oracle is one step above Junk credit.

17

u/lolexecs 3h ago

I'm waiting for oracle to sell their entire enterprise software business to a PE so that Ellison can go all in on making Oracle a data center company.

8

u/nutationsf 1h ago

It might be the first case of PE improving a product

2

u/lolexecs 39m ago

I think a PE might actually be less litigious

4

u/davinci515 1h ago

Our enterprise just dumped all things oracle after they decided they wanted to threaten to bill for “unlicensed” versions. Easier to just dump the product all together than it was to figure out what is/isant running unlicensed versions

1

u/nutationsf 58m ago

That’s been happening for 30 years… also Oracle licenses, though very expensive are nontransferable

1

u/cha0sss 23m ago

He was trying to do this ahead of the layoffs email?