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Oracle stock down 45% after Burry fraud accusation

Original: oracle

Oracle shares have fallen 45% since investor Michael Burry labelled the company's accounting one of the more common types of fraud, according to Yahoo Finance. The Big Short investor's comments have drawn renewed attention to Oracle's financials amid a broader selloff in the stock, and markets are debating whether his warning was justified or overstated.

Why now: Oracle's steep share decline following Michael Burry's fraud accusation has made the company a focal point for investors right now.

OracleMichael Burry

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