Larry Ellison once called cloud a dumb idea. Now it’s making him even richer

In 2011 Oracle chairman Larry Ellison called cloud computing stupid idea, nonsense, a buzzword, and a re-labelling of everything that we already do.

“I can’t think of anything that isn’t cloud computing, he said. “The computer industry is the only industry that is more fashion-driven than women’s fashion. Maybe I’m an idiot, but I…