Oracle's Debt Nearly Doubled During COVID-19 (It's Still Extremely High, Almost as High as Microsoft's)
WE have just taken notes of corporate debt of various large companies ('receipts' in IRC logs).
Oracle stands out as a company in deep trouble, not only because it has little to offer but because of its growing debt. Have a look:
That's debt
As per the official documents, Oracle's debt:
2020-02-29 53.819 B 2020-05-31 71.865 B 2021-05-31 84.245 B 2022-05-31 75.859 B 2023-05-31 95.33 B
These are very sharp increases and the so-called 'valuation' by Wall Street is fictional, it's part of the bubble. Can US government contracts keep Oracle afloat? Remember Oracle's origins with the CIA. Controlling the world's data is one of the goals. But at whose expense? The taxpayers?
To quote Gizmodo:
Yesterday, Vox somehow managed to write an entire article about the history of Oracle and its founder Larry Ellison without mentioning the CIA even once. Which is pretty astounding, given the fact that Oracle takes its name from a 1977 CIA project codename. And that the CIA was Oracle's first customer.Vox simply says that Oracle was founded in "the late 1970s" and "sells a line of software products that help large and medium-sized companies manage their operations." All of which is true! But as the article continues, it somehow ignores the fact that Oracle has always been a significant player in the national security industry. And that its founder would not have made his billions without helping to build the tools of our modern surveillance state.
Maybe Larry Ellison can bribe Wikipedia like Bill Gates and Microsoft do [1, 2] to conveniently omit some things and engage in overt revisionism. GAFAM and Oracle already control Wikipedia. Based on this disclosure, "Oracle Corporation Matching Gifts Program" already bribes Wikipedia; that's your tax (CIA) money 'at work', sponsoring an online encyclopedia any PR firm can (and will) edit). █