Oracle makes clarifications on the $300B promise to Sam Altman that’s behind layoffs

 Oracle has staked its entire future on a $300 billion deal with a company that doesn’t make money, funded by debt it can’t service from operations, built by contractors it doesn’t control. Its stock has lost half its value. Thousands of employees have lost their jobs. And its response has been to post on X. This is the story of how Oracle’s biggest bet became its biggest liability—and why every reassurance is making it worse. Oracle has staked its entire future on a $300 billion deal with a company that doesn’t make money, funded by debt it can’t service from operations, built by contractors it doesn’t control. Its stock has lost half its value. Thousands of employees have lost their jobs. And its response has been to post on X. This is the story of how Oracle’s biggest bet became its biggest liability—and why every reassurance is making it worse.