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Search resuls for: "Oracle Inc"


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Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record. Oracle shares soared 12% to close at $127.54, after the software vendor reported fiscal third-quarter earnings that beat analysts' expectations. "We are building large numbers of data centers and some of those data centers are smallish, but some of those data centers are the largest AI data centers in the world." Over the past year, Oracle shares have now spiked 52%, lifting Ellison's worth by about $50 billion. Unlike Amazon's Jeff Bezos, Larry Ellison has been hanging onto all his stock rather than selling off chunks.
Persons: Larry Ellison, Ellison, Mark Zuckerberg, Warren Buffett, Jeff Bezos, FactSet, hasn't, Bezos Organizations: Oracle Inc, Oracle, Forbes, Boeing Locations: Hamilton , Bermuda, United States
Tesla adds billionaire Airbnb co-founder Gebbia to board
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Joe Gebbia, co-founder of Airbnb speaks during the second day of the first Obama Foundation Summit in Chicago, Illinois, U.S. November 1, 2017. REUTERS/Kamil KrzaczynskiSept 28 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker. Ellison, a self-described close friend of Musk, was appointed by Tesla in December 2018 to comply with the agreement. Gebbia, a U.S. billionaire designer and Internet entrepreneur, joins Tesla after saying in July he would take on an advisory role at Airbnb, stepping away from his full-time role. Some experts doubted whether the billionaire would add diversity to the Tesla board.
Tesla adds Airbnb co-founder Gebbia to board
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +1 min
Joe Gebbia, co-founder of Airbnb speaks during the second day of the first Obama Foundation Summit in Chicago, Illinois, U.S. November 1, 2017. REUTERS/Kamil KrzaczynskiSept 28 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, months after stepping back from his full-time role at the vacation rental company. In July, Gebbia said he would take on an advisory role at Airbnb, stepping away from his full-time role after 14 years at the company. The Airbnb co-founder had in 2018 called Musk's attempt to take Tesla private a "baller move". In a blog post accompanying the filing, Tesla said Gebbia has begun work on his next startup without elaborating further.
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