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Currently working on one of my favorite pieces ever: The Hater’s Guide To Oracle. This company is so stupid and Larry Ellison has bet the farm on OpenAI having $300 billion to give it over five years. Larry Ellison is H.R. Geiger’s Jerry Stiller and he’s rigged his company to blow

Even if this happens it would burn the stock alive and Ellison’s net worth along with it. It would also require a way to make the $240bn in lease payments while. It would also be for literally one company. Political poison even for Trump, and hard to do financially bsky.app/profile/6min...

An Oracle story from the view of a startup attorney: 1/ In enterprise tech agreements, large customers will often seek to restrict the ability of the vendor to assign the contract. Their theory is ‘we are signing a deal with you because we want to deal with you, not someone else.’

2/ when you’re a startup, though, you want to preserve the right to exit into an acquisition which, under the laws of some states (or the terms of some M&A transactions) could be construed as an assignment.

3/ as such, the common ask for an assignment restriction clause is to say consent isn’t required in the event of the assigning party’s merger or acquisition.

What do you make of the possibility that these fools are deemed "too big to fail", and the public bails them out?

I really dont know if they have the money, let alone the political capital to even try. These aren't banks, this happened before, the sums are literally insane and the companies are black holes that produce nothing but inept PR and slop.

I thought TikTok USA was losing money? www.reuters.com/business/fin...