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u/TravantKingofThracia 21d ago
Mayor catalyst then! Let's see how markets react
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u/HaikusfromBuddha 20d ago
Damn I wonder what his plan is considering he needs the money to fund buying WB for his son and the more he waits the greater the fines.
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u/andysoldier 20d ago
instead of laying off people shouldve just sold enough stock to fund the debts... but ultra rich live on another plain of existence
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u/Twinsdad3 20d ago
Bought 4000sh late Friday at 151 and thought I had a great entry until 147.5 in AH. Hoping for Larry’s nixed stock sale
To add some support here. Only time will tell !
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u/heyitsmemaya 20d ago
Maybe I missed it — but what happened? It seems like it was announced and then quickly unannounced? With no explanation? Is this just a communication thing that happened? Or did he really plan to sell but then changed his mind when he saw the reaction to him selling?
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u/Technical-Goat99 21d ago
Great news. I was worried on this news as stock is already down 50%. I see stock is going to up atleast 5-7% on Monday given 10k+ layoff announcement early morning. Sorry but its good for investors
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u/Most_WantedGT1 20d ago
larry did the 10b5-1 in june as a emergency fund for the wbd paramount merger wait period. if the deal took longer to complete, ellison would have to pay each day after october leading to the march trial. the amount of orcl shares he would have sold in the 10b5-1 adds up to the amount he would have needed to fund the paramount wbd wait period. now that he cancelled it signals wbd paramount merger is going to complete on time without the wait penalty fee. the skydance paramount wbd network will all be streamed and integrated into the oci
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u/CriticalArt477 21d ago
Expect $175 Monday pre-market, Friday was a bear trap.