5 ms·
I heard that one company buying all the product or a majority of the product is called a monopoly practice. If a dominant buyer locks up most of the supply c
by p0w3n3d 5mo ago
I heard that one company buying all the product or a majority of the product is called a monopoly practice.
If a dominant buyer locks up most of the supply chain through exclusive contracts, it prevents rival companies from getting the materials they need to survive, which violates laws like Section 2 of the Sherman Antitrust Act.
- supriyo-biswas 5mo agoIt's called a monopsony[1], regardless, antitrust regulation is famously dead under the current US administration. [1] https://en.wikipedia.org/wiki/Monopsony https://en.wikipedia.org/wiki/Monopsony
- gbriel 5mo agoRegulation is dead under this current US administration (unless you pay a bribe). It's so weird this is where we are right now and most of the tech leadership has to play along even though it's technically illegal?
- wmeredith 5mo ago> most of the tech leadership has to play along Many of them orchestrated the situation.
- nathanaldensr 5mo agoAntitrust has been dead for decades. It spans administrations and parties.
- fireflash38 5mo agoUnder Biden they at least tried
- andrekandre 5mo agosometimes i wonder if thats big tech pivoted to team red...
- _kidlike 5mo agovery cool word, but I think the etymology stated in Wikipedia is wrong. the second part of the word just means purchase (in a weird ancient Greek tense). there's no relation to fish whatsoever. (I'm Greek)