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🚨 Oracle layoffs Ex-employee alleges algorithm targeted senior executives with unvested stock... she says: "It seems layoffs follow an algorithm of high level individual contributors and mid-level managers - especially those with outstanding stock options" She hinted that the job cuts at Oracle may have disproportionately affected experienced employees...

303,290 views • 4 months ago •via X (Twitter)

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S&P just cut Oracle to one notch above junk, and the stock went UP anyway. Think about that for a second... Back in December I told you the AI arms race would keep rewarding capex right up until the moment it didn't, and I pointed straight at Oracle. The stock is now down more than 55% from its high and this week S&P downgraded its credit to the lowest rung of investment grade, which means one more cut and Oracle wears a junk rating for the first time in its history. The downgrade landed because the cash bleed is getting MUCH worse. S&P now sees Oracle burning close to $42 billion in free cash flow next year, nearly double its earlier estimate, with capex rocketing toward $90 billion and a single customer (OpenAI) sitting behind roughly half of that $638 billion backlog. The bond market looked at all of that and reached for insurance. The stock market looked at the exact same company and bid it higher. When those two disagree like this, 45 years in this business has taught me to side with the bondholders every single time. They get paid before shareholders do, so they tend to see the trouble first. And Oracle is now funding this buildout with equity instead of debt, with another $20 billion in stock issuance slated for this year. A company confident in its own cash flows borrows against them. A company bracing for a downgrade dilutes its shareholders instead. Oracle showed you which one it is. If you want to know how to actually make money in a market this dominated by Big Tech narratives, that is what July 22nd is for. 14 elite investors are sharing the specific longs and shorts they are backing with their own capital - for just $99. We entered the golden era of stock picking. Grab your ticket today:

George Noble

18,966 views • 1 month ago

🚨: A woman on TikTok released a 7-minute video accusing Devin Booker of confronting her at a Hamptons event after she took a photo of him: According to her story, Booker was attending the Chase Sapphire Reserve event at Delilah with Irina Shayk. She says she initially saw him with her friend, who had a friendly interaction with him and took a blurry photo. Later, she says she took a discreet picture of Booker inside the club because her husband is a basketball fan and she wanted it as a memory. She claims Booker noticed and immediately confronted her, asking if she “just took a picture of me,” and says his tone was “aggressive”. She claims Booker and a friend/bodyguard then followed her, demanding she delete the photo. She alleges the man told her to delete it, threatened to have her kicked out, and grabbed her shoulder while pressuring her. She says she eventually deleted the picture, including from her Recently Deleted folder. She says she believes Booker was upset because he was with Irina Shayk, and photos of them together were circulating publicly the next day. She also mentions a friend speculated the photo may have shown Booker interacting with other women, but she says she personally doesn’t know if that was true. “I wasn’t planning to post it. If he asked me nicely, I would’ve deleted it,” she said, adding that the situation left her with a negative impression of him. The claims are from the woman’s TikTok story and have not been independently verified. (Via, TT/aderetbrenner)

CantGuardBook

36,328 views • 12 days ago

Larry Ellison just bet his own company to buy his son a Hollywood empire. And a judge in Oakland could FREEZE the entire thing this afternoon. The deal is Paramount Skydance buying Warner Bros Discovery for about $110 billion, run by David Ellison, Larry's son. It would put two film studios, two streaming platforms, and two news organizations under one family. The problem: Warner's board did not want Paramount. It preferred a Netflix offer and called Paramount's financing illusory. So Larry Ellison put his own money behind his son. He gave an irrevocable guarantee covering $40.4 billion of the equity financing, and promised not to revoke the family trust or move its assets while the deal stayed pending. Paramount then published records to prove the trust holds 1.16 billion Oracle shares. Warner's board reversed and David Ellison won the biggest media merger in Hollywood history using his father's balance sheet as the proof of funds. That was the moment the two companies became one financial object. Because the guarantee is not cash. It is Oracle stock, and Oracle stock has been falling all year... Ellison owns 40.6% of Oracle. The company's crash has erased roughly $213 billion from his fortune and cut the share price by more than half. And Oracle's own filing shows 346 million of his shares were ALREADY pledged against personal debts as of September. He borrowed against the stock, then promised the same stock as backing for a $110 billion acquisition, while the stock was on its way down. Ellison turned Oracle into a hyperscaler by loading it with debt to chase AI data centers. Oracle became a major supplier of AI computing power to China. Job cuts have already been reported. In January, investors who bought $18 billion of Oracle senior notes filed a proposed class action in Manhattan against Ellison, senior executives, and the underwriting banks, over borrowing plans tied to AI that they say were not disclosed. So the debt that built the empire is now being litigated by the people who financed it, while the equity behind the guarantee shrinks. Then the states arrived: On July 13 a coalition of 12 attorneys general led by California sued to block the merger under Section 7 of the Clayton Act. On July 20 Judge Araceli Martinez-Olguin issued a 14-day restraining order stopping the deal from closing, writing that the states had shown serious questions going to the merits remain. Paramount says the suit misrepresents competition in an entertainment industry now crowded with streamers. Today at 3pm in Oakland, the same judge hears the states' motion for a preliminary injunction. That is the hearing that matters, because when a judge grants an injunction, companies frequently walk away from the deal rather than fight through a full trial. When a judge denies one, they close within days. Delay is costing Paramount roughly $650 million a quarter, and the company has agreed to keep the deal open as late as June 1, 2027. So one family is holding a $110 billion acquisition open for possibly another 10 months, backed by shares in a company that is spending borrowed money faster than the AI revenue arrives. Larry Ellison spent his career selling databases to governments and betting the company on the next platform shift. He has been right almost every time. This time he pledged the proof of his own success to buy his son a studio, and a courtroom in Oakland decides if it freezes everything or not.

Ricardo

73,368 views • 9 days ago