Netscape wanted to call their new language "JavaScript" to piggy-back off the popularity of Java. Sun Microsystems owned Java(tm), and allowed Netscape to use the name while retaining the trademark. Netscape was purchased by AOL and then terminated. Oracle purchased Sun and all things Java, including the JavaScript trademark. Sun and Oracle have never done anything significant in the JavaScript world, but retain the trademark because of the Java name.

Since literally no one associates JavaScript with Oracle, unless aware of the name history and company acquisition history, it isn't a valid identifier of the source of "JavaScript", and should be canceled or transferred to an organization like EcmaScript International.