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S&P downgrades Oracle to BBB- – only one notch above junk level

Paywall? https://removepaywalls.com/3/https://www.heise.de/en/news/S-P-downgrades-Oracle-to-BBB-only-one-notch-above-junk-level-11363472.html

https://www.heise.de/en/news/S-P-downgrades-Oracle-to-BBB-only-one-notch-above-junk-level-11363472.htmlOpen link View original on feddit.org

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9 replies

DoctorNope

lemmy.world

S&P views Oracle's strong dependence on a single major customer, OpenAI, as particularly critical.

Well it’s a good thing OpenAI is a stable foundation to build on top of. No worries about that company. I’d stake my personal reputation on it!

spartanatreyu

programming.dev

Good.

A programming company which produces nothing, has more lawyers than programmers, and whose entire company runs on signing ridiculous deals with corrupt managers who then leave the blast radius before anyone else finds out how bad the deals are deserves to die.

Hopefully once the company is torn apart into a million pieces and each piece sold off, maybe sensible things start happening again and the Javascript language can finally get the rights to the name Javascript.