Topic

#Debt

2 articles

A massive empty concrete data center shell under construction at dawn, half-finished steel beams reaching into an overcast sky, construction cranes idle, a single hard hat abandoned on the floor, photojournalistic style, dramatic chiaroscuro lighting, 16:9 ultra-wide composition

Apr 17, 2026 • 11 min read

Oracle Fired Up to 30,000 as Its Data Centers Slip

Oracle fired thousands of workers via a 6 AM email, up to 30,000 by outside estimates, to fund a $50 billion AI data center buildout. With $124.7 billion in debt, negative $24.7 billion free cash flow, and OpenAI data centers delayed to 2028, the company is running a Nortel-grade bet on demand it may never deliver fast enough to service.

#Oracle #AI #Data Centers

A shattered credit card dissolving into digital dust, symbolizing phantom debt.

Jun 3, 2025 • 4 min read

Buy Now, Pay Later Crisis: Record Losses and the Rise of Phantom Debt

Buy Now, Pay Later firms are facing a reckoning as record losses and rising defaults expose the dangers of 'phantom debt' in the consumer economy.

#BNPL #Klarna #Affirm