this post was submitted on 22 Sep 2023
135 points (97.9% liked)
Technology
59381 readers
2940 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Huh, I didn't know there was a specific term for it. I just know similar things happened with the early rail and oil industries. When there's so much competition in a market the only way you can corner it by offering more than your competitors for less. Once you box out your competition, buy them out, or out last them you, can actually start making returns.