Thread

1. runeks · 1790331875 · focus · HN ↗

   > The tech group has issued a force majeure notice related to the power supply to the project developer, a unit of Blue Owl Capital, after the site ran into permitting delays after rising local opposition.

   Since when can failing to get a permit be considered force majeure?

   Doesn't majeure specifically denote something large scale and out of anyone's control, such as a hurricane?

   1. dgellow · 1790332712 · focus · HN ↗

      Oracle is in a pretty bad situation, it’s a desperate move. Their debt is rated just above junk since July. They are completely over leveraged. There is a reason the share price has been trending down so much

      1. bitexploder · 1790351110 · focus · HN ↗

         Ellison has more or less lived his entire life running Oracle (and his personal finances) completely over-leveraged, skating just barely ahead of disaster. I don't see this ending any way other than SV picking apart its bones for pennies on the dollar.

Unofficial Hacker News client; not affiliated with Y Combinator.