Oracle (ORCL) saw a rise to fame in the 90’s offering its world-class database management system Oracle RDBMS. However, since the dot-com bubble, Oracle has seen ever-increasing competition, a late entry into the cloud, and outdated software models weaken its market position and limit revenue growth. Oracle has been binging on share repurchases spending $70 billion since 2018 just on buying its own stock accounting for almost all of the 75% increase in its share price in the last decade. Oracle has been using significant amounts of debt to finance these buybacks pushing its net cash negative and forcing rating agency downgrades. This could be forgivable if the company showed revenue growth, although Oracle has seen revenue flatline for the whole of the 2010’s. Oracle’s one shining hope is its new autonomous database, which has showed promise although its early days. Investors will find little value in investing in this relic of the tech world, while its competitors provide much more lucrative investment opportunities.