Ed Zitron @edzitron.com · 29d That would be catastrophic for Larry Ellison, who lives on debt backed by his 40% share of Oracle stock. If the share price plunges, his creditors will likely be forced to liquidate much of his holdings, creating a downward spiral. No bailout will save him. www.wheresyoured.at/the-openai-bubble/
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guess he'll have to go back to eating hot dogs
Let us look on with glee.
OpenAI's collapse could threaten the Paramound/WBD deal too. Ellison will have to raise $20bn+ in cash to complete it, which will require more margin loans on his Oracle stock. If Oracle's stock collapses below $70, his empire rapidly deteriorates. www.wheresyoured.at/the-openai-bubble/
When does said collapse occur
Oh no, not Larry Ellison! Why does fate always mock the good ones? WHHHHYYY?
Larry would deserve it.
Trump will bail this clown show out. You can guarantee it.