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Bloomberg Tech

Oracle's Record High and X's Right-Wing Lean

Bloomberg Tech

Bloomberg

News, Tech News, Business News

4.470 Ratings

🗓️ 12 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down Oracle's earnings and its push into cloud computing as the company hits a record high. Plus, new research shows X has grown in popularity among conservative users since Elon Musk's purchase of the site in 2022, and Paramount walks away from a deal with Skydance.  

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.6

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Lo Loa. I'm Caroline Hyde at Bloomberg's World Headquarters in New York.

0:57.0

Ed Ludlow is off. This is Bloomberg Technology. Coming up, we break down

1:01.0

Oracle's earnings and it's pushed into the cloud computing

1:04.1

space as the company hits a record high. And we talk all things Elon Musk, ahead of the

1:09.7

vote on his 56 billion dollar pay package. Plus Paramount walks away from a deal with Skydarts

1:15.0

as it heads back to Square One to find a new bidder.

1:18.0

We discuss that and so much more throughout this hour,

1:21.0

including Record High after Record high and a new company

1:25.0

back on top. I focus in on what's happening with Apple extraordinary move for a

1:29.2

company already at about a three trillion dollar market valuation to move 12% in two days.

1:35.8

Following of course W.W. D.C. following the integration of artificial intelligence and

1:40.3

open AI.

1:41.3

And of course it therefore starts to pip a company to the post in terms of its

1:45.0

overall market valuation who now reigned Supreme Apple number one once again.

...

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