Free Republic

Former Starbucks CEO Howard Schultz is ditching his longtime residence in Seattle for Florida, just as Washington Democrats are nearing the finish line on a proposed "millionaires tax." Schultz, who served as board director of the coffee chain until 2023, said in a statement on social media that he and his wife are moving to Miami as part of the "retirement phase" of their lives. Schultz, who has lived in Seattle for more than four decades, purchased a $44 million penthouse in Surfside, Fla., according to reports, and will relocate his private family office to Miami. Schultz, who owns roughly...

There were several reasons why streaming giant Netflix pulled out of the bidding war for Warner Bros. Discovery. You might want to add Susan Rice to the list. The former Obama national security adviser, UN ambassador, partisan Democrat and currently a Netflix board member made a splash last week, and not in a good way. Just as the Trump administration’s Department of Justice was weighing the antitrust merits of the deal, former Obama national security adviser, UN ambassador, partisan Democrat and currently Netflix board member Rice appeared last week on a podcast hosted by Preet Bharara, former US Attorney for...

MAGA-aligned billionaires Larry Ellison and his son David have dramatically won a bidding war for CNN’s parent company—and are now on track to turn it Trumpy. Their Paramount Skydance company suddenly has won its bidding war against Netflix to acquire Warner Bros. Discovery after upping its bad and the younger Ellison attending Donald Trump’s State of the Union address. The move comes two days after Paramount Skydance revised its offer for the media conglomerate which also owns HBO, and is Hollywood’s biggest movie make, from $30 per share to $31 per share. Once the deal goes through CNN is widely...

Paramount Skydance says it would pay a $2.8 billion termination fee Warner would have to pay if it breaks off the deal with Netflix. Lucas Shaw reports. Paramount Sweetens Its Hostile Bid for Warner Bros. | 4:16 Bloomberg Technology | 716K subscribers | 6,349 views | February 10, 2026

Larry and David Ellison’s holdings span movies, TV networks, CBS and soon a stake in TikTok, in a paradigm-shifting portfolio with huge influence.Journalists at CBS News reeled on Friday as they digested news reports that opinion journalist Bari Weiss, a fierce critic of the mainstream media, would become the editor in chief of the straitlaced legacy brand.Two months earlier, there had been cautious optimism in the Midtown Manhattan newsroom, according to two CBS News staffers who spoke on the condition of anonymity to discuss private information. Movie producer David Ellison, son of software billionaire Larry Ellison, dropped by to introduce...

Oracle founder Larry Ellison keeps piling up wins. After briefly overtaking Tesla's Elon Musk as the world's richest person this month, the 81-year-old tech billionaire secured a spot among the U.S.-backed buyer group poised to take over TikTok. This announcement comes on the heels of the Ellison's son, David, overseeing a successful August merger between his Skydance Media production company and Paramount Global, which also owns CBS, and which the elder Ellison has a financial stake. The younger Ellison is also said to be working on a bid for Warner Bros. Discovery, the parent company of CNN and HBO. Antitrust...

Trump-China deal hands TikTok’s U.S. algorithm to Larry Ellison's Oracle Contents 1. Oracle takes over algorithm, code, data, and surveillance systems 2. New U.S.-based TikTok venture has Oracle, private equity, and tight restrictions In this post: Trump approved a deal handing control of TikTok’s U.S. algorithm to Oracle. Oracle will rebuild, retrain, and monitor the algorithm without ByteDance involvement. The new U.S.-based TikTok venture will be majority-owned by American investors. Oracle is now taking full control of TikTok’s U.S. algorithm under a national security deal signed off by President Donald Trump, according to a statement from the White House. The...

Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year.That marks a massive leap from the company's projection of less than $20 billion for the business in its current fiscal year."We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years," CEO Safra Catz said in a statement on Tuesday.Oracle stock's rise Wednesday was...

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter. CNBC reports: In a wide-ranging conversation with Bill Frist, a former U.S. Senate Majority Leader, Ellison said Oracle is moving a "huge campus" to Nashville, "which will ultimately be our world headquarters." He said Nashville is an established health center and a "fabulous place to live," one that Oracle employees are excited about. "It's the center of the industry we're most concerned about, which is the health-care industry," Ellison said. The announcement was seemingly spur-of-the-moment....

By day, Brian Krewson is a technical expert at computing giant Oracle. But by night he’s Mr. Poto, a fire-breathing, stilt-walking party entertainer, happy to perform at birthdays, weddings and corporate picnics. A Facebook photo from Halloween 2020 shows Krewson dressed in full methlab attire as a remarkably convincing Walter White, the infamous drug trafficker played by Brian Cranston in Breaking Bad. According to a Justice Department DOC, Krewson's resemblance to that character extends beyond appearance. The agency alleges that Krewson helped store and launder $54 million worth of cryptocurrency for two friends, Christopher Castelluzzo and Luke Atwell, who were...

Last week, billionaire internet entrepreneur (Netscape co-founder) Jim Clark broke the news to the WSJ that he sold his oceanfront estate near Palm Beach, Florida, for $173mln. At the time, Clark wouldn’t reveal who the mystery buyer was. Bloomberg reports the buyer of the most expensive property ever sold in Florida is no other than billionaire Oracle Corp. co-founder Larry Ellison. Ellison’s new estate includes a 62,000-square feet Mediterranean-style mansion and several other buildings on the property with more than 30 bedrooms. It was noted by Bloomberg The real estate transaction was off-market. Clark bought the estate in early 2021...

The Milton Keynes outfit will henceforth be known as Oracle Red Bull Racing, with the US-based company following on from Infiniti - who had the title deal from 2013 to 2015 - and Aston Martin, whose name was incorporated from 2018-2020. Honda was added to the end of the team name only for the 2021 season. Oracle first joined Red Bull last March in what was announced at the time as a multi-year deal, and which has now been upgraded. Since 2013 Oracle has also been the sole title sponsor of America's Cup contender Team USA, owned by company founder...

The Oracle engineer who created the APEX System and then worked with the CDC to develop a COVID tracking system died late last month from coronavirus. Joel Kallman announced he took the vaccine back in March.

Microsoft’s bid to purchase TikTok’s US operations was rejected, the company announced Sunday, with Oracle reportedly winning the bid to help run the popular social media app in the states. The deal between Tiktok’s Beijing-based owner ByteDance and Oracle is not believed to be structured as an outright sale, a source told The Wall Street Journal. Instead, the software giant is set to be the app’s “trusted tech partner,” in the US, the report said.

Oracle Corp. co-founder Larry Ellison said he has moved his primary residence to Hawaii, becoming the latest Silicon Valley executive to depart the state where they built their fortunes. Ellison, the world’s 11th-wealthiest person, notified his staff Monday of the move. Recode first reported the executive’s decision, which followed Oracle’s announcement Friday that it had shifted the company’s headquarters to Austin, Texas, from Redwood City, California. “I’ve received a number of inquiries about whether or not I will be moving to Texas,” Ellison wrote in a memo to Oracle’s employees. “The answer is no. I’ve moved to the State of...

The California Exodus continues, as Oracle has become the latest tech company to leave the Golden State for Texas.The company noted the move at the very bottom of their latest 10-Q, the tech company founded 43 years ago in Santa Clara, California announced that they would be "implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas," where the company opened a massive 40-acre riverfront campus in 2018 with the capacity for up to 10,000 employees. The company says the move will "best position Oracle for growth and provide...

TikTok has reached an agreement to partner with software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies. The deal, which was confirmed Sunday by a source with direct knowledge, comes after the Trump administration pressured TikTok to sell its U.S. business over concerns about the threat to national security. The administration alleged that the company's ties to China through its parent company, ByteDance, meant it would have to hand over data about Americans if asked by China's government. TikTok has denied that it would hand...

President Donald Trump said U.S. enterprise software giant Oracle is “a great company” when asked if if it would be a good buyer for TikTok. His endorsement for Oracle, co-founded by billionaire Larry Ellison, comes after reports that the Californian tech firm is interested in buying TikTok’s North America, Australia and New Zealand businesses from Chinese parent company ByteDance. Speaking at an event in Yuma, Arizona, Trump said: “Well, I think Oracle is a great company, and I think its owner is a tremendous guy. He’s a tremendous person. I think that Oracle would be certainly somebody that could handle...

Oracle Corp. is pulling the plug on its annual San Francisco technology convention, relocating the event to Las Vegas in a major blow to the city's hospitality industry. The Redwood Shores company has signed a three-year agreement to bring its OpenWorld convention to the Caesars Forum in Las Vegas, citing rising hotel rates throughout the Bay Area as well as poor street conditions in San Francisco. An Oracle spokesperson confirmed the deal, first reported by CNBC.

Oracle, a major Silicon Valley tech company, will move its annual OpenWorld conference to Las Vegas next year – over concerns about San Francisco’s hotel rates and the city’s “poor street conditions,” according to reports. The loss of OpenWorld, which has been held in San Francisco for about 20 years, is raising new concerns about whether the city’s struggles with homelessness, open drug use and street violence may be scaring off tourism and other business, the San Francisco Chronicle reported. “For the industry, for the city, to have a major conference leave us impacts all of us,” Kevin Carroll, chief...