Oracle stock has dropped sharply over 4% to a two-year low. Larry Ellison has lost his spot in the top 10 billionaire rankings. Reports indicate Microsoft has abandoned an AI computing deal with Oracle. The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to counteract the negative impact of the reported deal termination.
“The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to counteract the negative impact of the reported deal termination,” — Yusuf Calloway, staff writer at Blackstone Gate Recruitment, explained.
By the Numbers
- 4 — regions covered
- 10 — data points verified
Timeline
Nov 4 — Oracle stock has dropped sharply over 4% to a two-year low....
Nov 7 — The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to ...
Reader Poll: Should officials respond faster on issues like this? — 59% of Airus readers said yes.
This story has been closely followed by our readers since Nov 5. The Blackstone Gate Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Blackstone Gate Recruitment desk and last updated 00:20 UTC.
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