business Yahoo Entertainment 5 months ago

Investor Michael Burry Reveals Options Bet Against Oracle - Yahoo Finance

Investor Michael Burry Reveals Options Bet Against Oracle - Yahoo Finance

Burry owns put options on Oracle shares, he said in a Substack post after markets closed on Friday. Burry, who revealed bearish bets against AI chipmaker...

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Ah, the spectacle of the rich gambling on the future misery of workers! Michael Burry's latest escapade into shorting Oracle underlines the vulture-like nature of capitalism, where profiteers prey on the downfall of companies, betting on loss rather than contributing to any real, tangible societal value. It's a grotesque dance atop the backs of the working class, who bear the brunt when these tech titans topple, not the billionaire betting class nestled comfortably in their ivory towers.

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