So uh do we still get to keep our Free A1 VPS with 4 OCPU, 24GB RAM and 200GB Storage...??
If Oracle starts charging the dozens (tens of thousands?) of us that signed up for Pay-as-you-go just to be able to provision a VM, I'm deleting my account.
But in all seriousness, Oracle is a terrible company that has scammed governments and corporations. Not really surprised. Bryan Cantrill said it best [0].
Oracle is "morally bankrupt," Larry Ellison prioritizes profits over ethics and innovation. I'm not surprised if the stock price was forced to fall by Ellison because of his July sells [1]
1. He dumped $322 million (2.25 million shares) in mid July in TWO days signalling lack of confidence
2. These shares were spread out with different sizes, to probably minimize the market impact
3. The sells still pushed the stock prices down
4. Then the "cost-cutting" and OCI layoffs happen
Obviously correlation isn't causation, but Oracle clearly doesn't care about their cloud, just MONEY, HA!
Larry Ellison's Stock Sales - July 15-16, 2024
Date Quantity Price % Change Running Total
-------------------------------------------------------------------------
Jul 16 87,127 $143.17 -0.01% 1,145,732,353
Jul 16 1,037,873 $142.53 -0.09% 1,145,819,480
Jul 15 579,765 $142.64 -0.05% 1,146,277,588
Jul 15 81,871 $143.45 -0.01% 1,146,195,717
Jul 15 237,491 $144.61 -0.02% 1,145,958,226
Jul 15 191,252 $145.34 -0.02% 1,145,766,974
Jul 15 34,621 $146.30 -0.00% 1,145,732,353
[0]
https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s[1] https://www.quiverquant.com/stock/ORCL/insiders/
If Oracle starts charging the dozens (tens of thousands?) of us that signed up for Pay-as-you-go just to be able to provision a VM, I'm deleting my account.
But in all seriousness, Oracle is a terrible company that has scammed governments and corporations. Not really surprised. Bryan Cantrill said it best [0]. Oracle is "morally bankrupt," Larry Ellison prioritizes profits over ethics and innovation. I'm not surprised if the stock price was forced to fall by Ellison because of his July sells [1]
1. He dumped $322 million (2.25 million shares) in mid July in TWO days signalling lack of confidence
2. These shares were spread out with different sizes, to probably minimize the market impact
3. The sells still pushed the stock prices down
4. Then the "cost-cutting" and OCI layoffs happen
Obviously correlation isn't causation, but Oracle clearly doesn't care about their cloud, just MONEY, HA!
[0] https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s[1] https://www.quiverquant.com/stock/ORCL/insiders/