The Oracle Ponzi Scheme
Helping to spread fake news or financial fraud at The Register MS (paid to promote "hey hi" hype):
Can a company that LOSES $14,000,000,000 per year pay $300B in bills?
As we noted the other day, "Oracle's debt has never been higher", but we're meant to think that its owner participating in a giant Ponzi scheme makes him the world's richest.
If Oracle is so rich, why the mass layoffs? And why is Monty Widenius 'heartbroken' at the extent of Oracle's MySQL job cuts?
To quote:
Around 70 members of the team behind the open source database have been shown the door as part of Oracle's latest round of redundancies, according to one high-level source in the MySQL community.
The Register has asked Oracle to respond and clarify its position and we'll update this article if we hear back.
Michael "Monty" Widenius, who co-authored the original MySQL in the 1990s, posted that he was "Heartbroken to hear about the widespread layoffs at MySQL last week, and while I'm not surprised that Oracle is going in this direction with MySQL, it still saddens me that it's come to this."
Oracle's antagonism or bias against Free software never ended. Oracle isn't doing well, but it's nowadays fashionable to say "clown" and "hey hi" to prop up one's stock, even based on nothing at all. █