Forget Facebook. This Company Has Data On 5 Billion People.

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Many of the top tech companies like Google and Facebook get a lot of slack for invading our privacy and collecting a bunch of our data. And while this criticism is definitely well deserved, like in most scenarios, the most dangerous companies aren’t the ones that are front facing. The most dangerous companies are the background companies that most people have never heard of. This is the same case with Oracle and data collection. If you’re not familiar with Oracle, they’re basically the king of enterprise software and solutions along with SAP. They control everything from supply chain and procurement software to financial and accounting software. As you would guess, this has given them access to an extraordinary amount of end-user data. Technically, they’re not supposed to be leveraging any of this data, but a new lawsuit alleges that Oracle has actually been collecting data on as many as 5 billion people. This video explains the business of Oracle and the truth about its data collection practices.

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Timestamps:
0:00 - Oracle
3:25 - The Origin Of Oracle
6:39 - Oracle Products
9:57 - Oracle Today

Resources:

Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.

[beowulf]

"2 billion to go" is like a supervillain dialog LOL

[kmmmsyr]

Tech companies know more about me than my government does. Even scarier, they probably know more about me than I, myself do.

[OpEditorial]

The greatest trick the Devil ever pulled was convincing the world he didn't exist.

[JLinggirl]

now, if only they made their documentation easier to read

[madisonm]

I would guess the most dangerous offender is Apple for the sheer fact people think they are protecting their privacy, so they take less precautions, yet somehow Apples advertising revenue keeps setting records 😅

[jonathantan]

Fortunately, Oracle is not very well integrated between its units. I am using one of its SaaS software, and my user ID doesn't work on the separate training & learning portal for that same software. Also, after an upgrade, they lost my login data for that training portal.
It's like you needing separate Google accounts for Gmail, Google Maps, and other Google services.

[tolazytothinkofanamd]

What's funny is the US military also forgot oracle existed and was shocked when they put a bid in and won for the US military cloud system

[ck_cal]

wow, i'd heard of oracle in the past, but i had no idea they were _this_ huge, sinister and unstoppable

[peterfmodel]

Oracle is basically a data base company, guess what a database stores, its data. The question is does Oracle sell that data to make money, the answer is no, at least currently. I also doubt Oracle has access to the same level of detailed individual data that apple has for its customer. Finally the main access point is its cloud environment, which is not as large as Amazon’s cloud environment. Most of the user data is controlled by the users of its product in their own data centres.

[PhilipMurphyExtra]

Oracle is what many back end of websites need to operate so they will do well.

[zakem]

I've used Oracle for a virtual machine, and have heard of them every now and then, but never knew they were this powerful!

[lerdi]

I still don't get how they collect our data if all they do is provide services to other companies?

[avashurov]

Worth to mention some other notable acquisitions: open office, virtual box, mysql, and Berkeley DB

[Eliotime]

OpenJDK, MySQL, Oracle Linux... Oracle not just gets data. They laso give you the tools to compete against them and they learned in the hard way with their loss of OpenOffice as an open-source project.

[jacquesmainguy]

...and the author omitted the fact that most SAP instances store all their data .... on an Oracle database.

[aymane]

I remember when i was still a kid at primary school i first heard of java back then one day at one of those gigantic retro computers there was oracle installed and it's opening loader displays that more than 4 billion devices use oracle

[coffeemakerbottomcracked]

Oracle is like the kid from your class you forgot existed expect that kid knows everything about you

[saibadam]

Their stock price did not even fall that much like other tech giants

[dylangtech]

Java runs on a lot more then 3 billion devices since 2000, that’s for sure

[nightglide_]

Oracle: “We have missing data on about 3 billion subjects, how do we correct this”