Oracle Ads have had it: $2B operation shuts down after dwindling to $300M

Oracle Advertising is shutting down, CEO Safra Catz said during the database goliath’s fiscal 2024 Q4 earnings call with Wall Street this week. “…in Q4, we decided to exit the advertising business, which had declined to about $300 million in revenue in fiscal year 2024,”

Source: The Register

 


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