As the great Status Quo once sang, "Down, Down, Deeper and Down"
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Feel terrible for everyone who just vested their RSUs at $245 2 weeks ago. Not fun to pay taxes on something you're immediately down 50% on.
Ankle grabbing time, INCOMING!!!
OpenAI is considering delaying IPO until 2027 due to lack of interest from investors; this creates downturn of ORCL stock; it doesn’t look good from Oracle; expect more layoffs
Stock has lost almost $100 per share in 1 mo, great job Larry, Clay, Mike, and the new $30M CFO Hilary. Way to tank a company. 😂
Enjoy and start preparing. All my stocks and grants are useless now.
The company is a broken ship. I don't say it won't come back. but will definitely take some years to patch and fix..Its sc--wing up employees. I doubt we get hikes and growth here.
Cuts will need to be more significant next time in order to counteract this week's negative stock trajectory.
It is easy to imagine that Oracle will be executing some large cuts very soon.
Burn, baby, burn... all the way down.
See my post from earlier thread about history repeating itself. Enron, worldcomm, etc
Bulls see a breakout though. I don't think it will not stay this low for long.