Oracle shares declined more than 5% the day after its fourth-quarter earnings report , as investors reacted to CEO Safra Catz announcing that the company plans to double its spending on data centers to run its cloud computing business over the next year. For years, analysts have noted that Oracle’s capital expenditures on data centers haven’t kept pace with cloud giants like Amazon Web...
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The Weekend startups culture
Knocked Down, Dragged Out, and Laid Off
Hi, welcome to your Weekend! It was a tough week (and month and quarter) for people in tech. And that goes double for folks who work in crypto, which has seen a calamitous drop from its pandemic-era heights.Many might feel a hint of schadenfreude about the humbling of crypto. Certainly, its leaders seem worthy of comeuppance, after pumping the space with enough hot air and hype to power a...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
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