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MBCook a day ago

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.