← Back to context Comment by MBCook 2 months ago Please provide historical examples. 5 comments MBCook Reply MrBuddyCasino 2 months ago The first known example is the 6th century BC, where a greek philosopher cornered the market on olive oil presses, because he predicted a richt harvest via his knowledge of astronomy:https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of... YetAnotherNick 2 months ago Tyson Foods, Cargill, JBS, and National Beef controls roughly 85% of the U.S. beef marketCVS Caremark, Express Scripts, and OptumRx manage over 80% of all prescriptions in the U.SAmazon buys 50% of all books.These examples are even more extreme than at least 3 major clouds present in the US buying hardware. toraway 2 months ago The parent comment specified a company that has never turned a profit cornering the entire market. YetAnotherNick 2 months ago Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.I don't think OpenAI purchase even comes even close to any of these. 1 reply →
MrBuddyCasino 2 months ago The first known example is the 6th century BC, where a greek philosopher cornered the market on olive oil presses, because he predicted a richt harvest via his knowledge of astronomy:https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of...
YetAnotherNick 2 months ago Tyson Foods, Cargill, JBS, and National Beef controls roughly 85% of the U.S. beef marketCVS Caremark, Express Scripts, and OptumRx manage over 80% of all prescriptions in the U.SAmazon buys 50% of all books.These examples are even more extreme than at least 3 major clouds present in the US buying hardware. toraway 2 months ago The parent comment specified a company that has never turned a profit cornering the entire market. YetAnotherNick 2 months ago Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.I don't think OpenAI purchase even comes even close to any of these. 1 reply →
toraway 2 months ago The parent comment specified a company that has never turned a profit cornering the entire market. YetAnotherNick 2 months ago Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.I don't think OpenAI purchase even comes even close to any of these. 1 reply →
YetAnotherNick 2 months ago Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.I don't think OpenAI purchase even comes even close to any of these. 1 reply →
The first known example is the 6th century BC, where a greek philosopher cornered the market on olive oil presses, because he predicted a richt harvest via his knowledge of astronomy:
https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of...
Tyson Foods, Cargill, JBS, and National Beef controls roughly 85% of the U.S. beef market
CVS Caremark, Express Scripts, and OptumRx manage over 80% of all prescriptions in the U.S
Amazon buys 50% of all books.
These examples are even more extreme than at least 3 major clouds present in the US buying hardware.
The parent comment specified a company that has never turned a profit cornering the entire market.
Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.
I don't think OpenAI purchase even comes even close to any of these.
1 reply →