Famed Short Seller Jim Chanos Targets Oracle For Old 'Accounting Issues,' Says ORCL's $300 Billion Deal Backlog With OpenAI Doesn't Begin Till 2027

Famed short-seller Jim Chanos has publicly questioned the quality of Oracle Corp.'s (NYSE:ORCL) massive new backlog, arguing a cornerstone $300 billion deal with OpenAI is risky, years away from starting, and reminiscent of the company’s past accounting controversies.

Check out ORCL's stock price here.

Jim Chanos Questions ORCL’s Accounting Principles

The critique, delivered in a series of posts on X, aims to deflate the investor euphoria that sent Oracle's stock soaring this week.

To build his case for caution, Chanos revived past scrutiny of Oracle's business practices. “Well, it's not like $ORCL has been credibly accused of accounting ‘issues' recently,” he wrote sarcastically, alluding to a 2016 whistleblower lawsuit.

That suit raised questions over the company’s cloud accounting and alleged that Oracle used aggressive audit tactics to pressure customers into buying cloud products.

Oracle did not immediately respond to Benzinga’s request for comment.

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