Oracle Firing Tens Of Thousands As CDS Explodes To Financial Crisis Record

Oracle Firing Tens Of Thousands As CDS Explodes To Financial Crisis Record Two months ago, when ORCL announced it would raise $50 billion in a combination of stock and bonds to ease market fears about its soaring funding costs and lack of actual revenues and "to build additional capacity to meet the contracted demand from the company’s largest cloud customers, including Advanced Micro Devices, Meta Platforms, Nvidia, OpenAI, TikTok and xAI" we said that this latest example of fi...

By Tyler Durden