This is what is important to note; Oracle screwed their consulting partners as much as they could by pulling support and 'dev' in-house and simply taking over contracts of big clients. My previous company was hurt quite a lot when Oracle ate BEA. I still talk to clients from back then who miss our support and products as now Oracle is bleeding them dry providing crap. But it seemed like a good idea at the time I guess.

Agreed, we were stuck using Oracle at my job and it's an pain to maintain. Their cloud solutions are awful and on-premises suffered greatly. Their database engine might be solid, but everything around it was terrible. Things like PL/SQL being an unruly mess, even things like auto-incrementing columns were missing until the most recent release (12c R1). Coupled with insane licensing (arbitrarily changing the core factor for licensing) and auditing (soft limits, lots of hand-waving). It serves them right that they'd be losing out to Postgres.