ORCL stock moved from 240-335+ today making Elon the second richest!

[RV Heavy Hitter!]

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All these billionaires buy and sell shares on a large scale, hence massive wealth creation. I'm sure Elon and his buddies will likely pump TSLA shares months away to beat Larry Ellison, who made tens of billions of dollars from stock movement.

Elon Musk has lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump.

Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to the Bloomberg Billionaires Index.

Shares in Oracle soared more than 40% after the database software company gave investors a surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals.

Ellison, whose net worth is tied to the company, has steadily built his fortune over the past five decades.

Musk had held the title of world's richest person for nearly one year. He could receive a pay package worth over $1tn (£740bn) if he hits a list of ambitious targets over the next decade, the board of the electric car firm has proposed.

But shares in Musk's most valuable business, Tesla, have fallen this year.

The electric vehicle maker has grappled with investor jitters over the Trump administration's rollback of electric vehicle initiatives, on top of consumer backlash to Musk's political involvement.

Oracle has recently been propelled by growing demand for data centre infrastructure.

The company projected as part of its quarterly earnings report on Tuesday that revenue from its cloud business will jump 77% this year, to $18bn, with further growth expected in the coming years.

Oracle has reported a surge in demand among AI companies for its data centres, which helped push its stock dramatically higher.

It signed four multibillion-dollar contracts with customers in the last quarter and anticipates several more deals in the months ahead, chief executive Safra Catz said on Tuesday.

Trump ties and media ambitions
Ellison, 81, helped start Oracle in 1977 and rose to prominence in the 1990s, when he became a public figure known as much for his lavish lifestyle as for the database company behind his fortune.

He was Oracle's chief executive until 2014 and is now the company's chairman and chief technology officer.

And he has positioned himself as an ally to President Trump.

When Trump returned to the White House in January, Ellison appeared alongside OpenAI's Sam Altman and SoftBank's Masayoshi Son to announce a project called Stargate, to build out AI infrastructure in the US.

Oracle has also emerged as a possible buyer of TikTok, the app owned by the Chinese internet company ByteDance. TikTok is facing a ban in the US unless it divests itself of its ByteDance ownership.

In January, when asked whether he was open to Musk buying TikTok, Trump responded: "I'd like Larry to buy it, too."

Ellison's media ambitions extend beyond TikTok.

He funded the bulk of a $8bn bid by his son to acquire Paramount, which owns CBS and MTV.

That deal between Paramount and the media company Skydance, which is controlled by his son David, closed last month.

[Modesty Blaise]

Interesting. Larry gets to achieve his dream to be the world's richest - for 1 hour. 

[RV Heavy Hitter!]

Depends on who has colossal liquid cash to spoof shares under support. If you put a large purchase of shares far from the actual price to avoid getting filled, it tricks investors into thinking there is a large order, and rookies and the rest will jump on the bandwagon, moving the stock price way higher.  It is what Blackrock, Citadel, Susquehanna and billionaires have mastered over the decades. They have trained bots and AI spoofing all day long, eating other people money while enriching themselves.

[Modesty Blaise]

Yea those are your ilk of peddlars of digital wash-wash. Larry has real wealth like Elon.

[RV Heavy Hitter!]

The Kings of wash wash, aka spoofing and deception, are all the billionaires and corporations. Citigroup, Bank of America, Jpmorgan Chase Goldman, Blackrock and all the rich folk all engage in spoofing, pump & dumps, Trash & Cash and other deceptive tactics. Some are clever enough to use Hedge fund firms and other middlemen/brokers, but the whole premise is a high-level coordinated system to rob retail investors and rookies that hold stocks like sitting ducks. Trump announcing the tariff was to tank stocks so that billionaires could scoop it from the bottom in boatloads. Since then, they have become tens of billions richer in a short time. S&P hit 4000 then but now is sitting pretty at $6500 in a 4-month window. That is a hell of a wealth transfer! Almost all their wealth comes from shares and not the tiny physical wealth they own. Elon, minus his 714 million shares @ $300 will be lucky to be worth 1 BILLION but because of those shares he is worth 250B+

Yea those are your ilk of peddlars of digital wash-wash. Larry has real wealth like Elon.

Robbins Geller Rudman & Dowd LLP filed a class-action lawsuit on behalf of the city of Providence, Rhode Island in Federal Court in the Southern District of New York. The complaint in the high frequency matter named "every major stock exchange in the U.S." This includes the New York Stock Exchange, Nasdaq, Better Alternative Trading System (Bats) — an electronic communication network (ECN)[23] – and Direct Edge among others. The suit also names major Wall Street firms including but not limited to, Goldman Sachs, Citigroup, JPMorgan and the Bank of America. High-frequency trading firms and hedge funds are also named in the lawsuit.[24] The lawsuit claimed that, "For at least the last five years, the Defendants routinely engaged in at least the following manipulative, self-dealing and deceptive conduct," which included "spoofing – where the HFT Defendants send out orders with corresponding cancellations, often at the opening or closing of the stock market, in order to manipulate the market price of a security and/or induce a particular market reaction