Lesson for Larry and Gang to be humble... while doing something good. No reason to antagonize the rest of the world because you found cloud to be useful so late in the game.
😂
Shut up and get back to your sweat-shop, Amazon.
So glad I skipped oracle
I’m in huge loss 😢
At a loss for words, or a loss of cash for keeping your money in the company’s pathetic stock?
Lol thought it would be easy to sell oracle stock while working there
Wait until next quarter results. Oracle will rock
What exactly is changing in 3 months?
Investor sentiment
Another dinosaur fucked by the cloud.
Why are you getting your panties in a bunch? It was obvious Amazon and CRM were not going to use Oracle forever. Why else would Oracle double their AWS licensing fees last year? They basically priced themselves out of AWS and Amazon. AWS has been working on Redshift for years, and they are welcome to lift and shift to their in house. As for CRM, LOL. A company that has never turned a profit. I remember seeing CRM execs mailing ORCL Engineering to handle and RCA an outage a couple of years ago because they didn’t have the chops. Again, good luck. I wish I could discuss some of our customers.
Huh
koolaid overdose. Someone call 911.
Does Oracle adjust your salary or RSUs according to price move, especially this big? By the time you spend your first year there, it's possible you might lose 50% of what you signed for.
They don’t. This isn’t even that bad of a fluctuation. LinkedIn dropped by half a couple years ago and I don’t think anything changed for them (although they made the money back from the Microsoft acquisition)
They don't for a small drop like this. Couple decades ago there was a huge drop and everyone's options/stock were woefully underwater. We all went out for a big lunch to console ourselves. By the time we got back to our desks Oracle repriced our assets and we promptly got back to work. Company was smaller then then and things were more volatile. Won't happen now.
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Should be called SAM. Smoke and Mirrors. Plus, Oracle is feeling the heat from other players developing their own databases - oracle’s bread and butter.
It was bound to happen. You think Amazon was going to use ORCL forever?! Lol.
Amzn still using oracle db though 🤔🤔