Oracle loses 30% of market value since September

Oracle has surrendered nearly one-third of its market capitalization over the past two months, erasing the spectacular gains that briefly made founder Larry Ellison the world’s richest person in September.The cloud computing giant’s stock traded around $222.85 on Friday, down sharply from its early September peak above $345. November is shaping up to be Oracle’s worst month since 2011, with shares plunging approximately 25% in the past month alone,nearly twice the decline of the next worst-performing hyperscaler, Meta, according to the Financial Times.Read more…