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Ellison's Stock Sale Called Off | Entertainment and Celebrity News
Description
Larry Ellison’s massive stock sale plan is officially canceled—Oracle confirms no shares were sold and no further sales are in the works. Just a day after announcing he’d offload 50 million shares, Ellison’s pivot comes as Oracle gears up for explosive growth, targeting $45–50 billion in revenue by 2026 to fuel its cloud expansion against giants like Meta, Nvidia, and OpenAI. With $20 billion already raised this year and another $40 billion on tap, Oracle’s strong Q1 earnings are helping its stock rebound after recent turbulence.
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