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When a tech company reports higher revenue from its data centres, those are the warehouses full of computing hardware that businesses rent rather than own, it should be a moment to celebrate.
Instead, Oracle finds itself navigating investor fears that it has overcommitted to artificial intelligence, even as founder Larry Ellison moves to sell as many as 50 million shares worth up to $7.5 billion.
Up to 50 million shares, with a potential value of up to $7.5 billion, makes this a large transaction for any company. A founder selling down a position is not inherently alarming.
Executives and founders sell shares for personal financial reasons, estate planning, and other purposes that have nothing to do with their view of the business.
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