| ▲ | MrBuddyCasino a day ago |
| > That's not normal market dynamics. It is, in fact, normal market dynamics. |
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| ▲ | marcosdumay a day ago | parent | next [-] |
| A single company that never made a profit outbiding the entire world is normal? |
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| ▲ | YetAnotherNick a day ago | parent [-] | | Yes. In fact that's not just normal, that's very frequent in market. | | |
| ▲ | MBCook a day ago | parent [-] | | Please provide historical examples. | | |
| ▲ | MrBuddyCasino 21 hours ago | parent | next [-] | | 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 19 hours ago | parent | prev [-] | | 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. | | |
| ▲ | toraway 18 hours ago | parent [-] | | The parent comment specified a company that has never turned a profit cornering the entire market. | | |
| ▲ | YetAnotherNick 17 hours ago | parent [-] | | 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. |
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| ▲ | adrian_b a day ago | parent | prev | next [-] |
| It's normal market dynamics for markets dominated by quasi-monopolies, which is why regulation should have prevented the existence of such markets. |
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| ▲ | mustyoshi a day ago | parent [-] | | I don't buy that it's because of the monopoly. TSMC has been starting a fab for close to 5 years. It doesn't matter how many companies are in this market, it takes a real amount of time to add capacity. |
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| ▲ | troyvit a day ago | parent | prev [-] |
| Maybe not normal market dynamics, but typical human behavior: https://en.wikipedia.org/wiki/Vincent_Kosuga#Cornering_the_o... |
