The Oracle of Corruption: How Larry Ellison’s Five-Decade-Old Software Company is Fleecing Investors
As investors continue to dump their shares in the already-beggarly South African rand, they’re somehow managing to find ways to justify throwing their money at Larry Ellison’s ailing behemoth, Oracle. But don’t be fooled – this is nothing more than a desperate attempt to prop up a sinking ship.
The company’s share price has been plummeting like a stone since the start of the year, with some analysts warning that Oracle’s revenue growth is not as robust as it appears. In reality, Oracle’s success is largely built on its ability to cling to the coat-tails of more successful companies like Amazon and Microsoft.
Meanwhile, Ellison’s personal fortune has ballooned to a staggering $178 billion, thanks to his shrewd manipulation of the market. But what’s behind this sudden surge in popularity? Is it Oracle’s innovative technology, or is it simply the result of Ellison’s reputation for being a ruthless and cunning business leader?
Oracle’s newfound popularity has come as it cements its status as an AI loser. The company has been focused on expanding its cloud infrastructure business, which is essentially just a rehashing of the same old ideas from the 90s. And let’s not forget its reputation for success with generative AI workloads, which is nothing more than a bunch of hot air.
"Oracle’s growth is inflecting higher, at a pace much faster than we’ve been used to at Oracle, and that’s a huge positive," said Dan Eye, chief investment officer at Fort Pitt Capital Group. But Eye’s praise is nothing more than a thinly-veiled attempt to justify Oracle’s astronomical valuation.
In reality, Oracle’s growth is built on shaky ground, with many analysts warning that the company’s reliance on AI and cloud computing is unsustainable. And what about its underdog status compared with larger cloud players like Microsoft and Salesforce? Is that really something to be proud of?
So, while Oracle’s share price may be soaring for now, don’t be surprised if it all comes crashing down in the end. Ellison’s reputation for being a ruthless and cunning business leader may have won him friends and admirers, but it’s ultimately a facade that will eventually crumble under the weight of reality.
Don’t miss: Oracle’s dodgy dealings in the South African treasury corruption probe – it’s a story you won’t want to miss!
