Shares of Oracle rose 14% in after-hours trading after the database giant reported cloud revenue growth of 19% for the three months to May 31 compared to the previous year. Overall revenue grew 5% to $11.8 billion during the period. It is becoming clear that Oracle’s identity as a cloud provider will be closely tied to the healthcare industry. Last week, Oracle closed its $28 billion...
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On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
FDIC Sets Deadline for SVB Bids
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