Didn't oracle take out real loans and spend real dollars based on this commitment?

The bankruptcy couldn't happen to nicer company.

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Wasn't it always an expectation, not a commitment?

If they didn't appropriately account for risk that the expectation would not pan out, well, that's on them.

How do you account for the risk of something that has ever happened before?

In the standard risk assessment and mitigation manner: imperfectly, but with the best information available at the time.

I dunno, but if someone is saying they expect to spend a vast, unprecedented sum of money acquiring an interdependent set of resources that current production could not come anywhere close to accommodating in multiple dimensions, and which money they don’t have and aren’t making in their current operations so that it would also require unprecedented fundraising on top of the other issues, you’d probably want to do some work to verify the plausibility before putting your own resources at risk for the chance of profiting from that spending spree.

Extraordinary claims and all.