• Monument@piefed.world
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    8 hours ago

    It’s like they suddenly realized that “data center leased to Oracle” but financed by them and owned by a no-name company with no assets and considerable liabilities is a bad idea.

    Also, would not be surprised to find the company is a shell company and after the finance and legal teams are paid, the income shifts back through shell companies to the parent company, which is somehow Oracle, but with no legal responsibility to the lenders or municipality.

    Even if my supposition is not accurate, just the first statement should have stopped them cold.

    • Optional@lemmy.world
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      8 hours ago

      It’s like they suddenly realized that “data center leased to Oracle” but financed by them and owned by a no-name company with no assets and considerable liabilities is a bad idea.

      I would be shocked to discover that that’s not exactly, literally, what happened.