Larry Ellison—Losing $31 Billion—Stumbles To No. 3 Richest As Oracle Shares Plummet
ToplineLarry Ellison dropped among the ranks of the world’s richest people on Thursday, falling to No. 3 as Oracle’s stock paced its worst single-day rout in nearly a year after the cloud services firm reported quarterly revenues that fell below Wall Street’s expectations. The cloud services giant reported quarterly revenue that fell short of Wall Street’s expectations. Getty ImagesKey FactsShares of Oracle decreased by 13.1% to around $193.80 as of around 10:45 a.m. EST Wednesday, pacing the stock’s larges ...