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A comment on How the Guardian improbably put itself on the path to profits. Parent comment

Re:How the Guardian improbably put itself on the path to pro... by us0r on Tuesday January 30, 2018 @03:09AM (#16263693)
Banks are a great example of this:

"Mastercard, originally known as Interbank/Master Charge, was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc."

SWIFT:

"SWIFT was founded in Brussels in 1973 under the leadership of its inaugural CEO Carl Reuterskiöld (1973–1983) and was supported by 239 banks in fifteen countries"

Several others I can't think of right now.

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Re:How the Guardian improbably put itself on the path to pro... by BerislavLopac on Tuesday January 30, 2018 @05:00AM (#16264121)
It's not the right comparison. Yes, banks compete with each other, but when someone changes their bank they don't change it that soon/often (unlike newspaper subscriptions, which rarely last for longer than a year). Additionally, banks have to interact (at least when transferring funds), unlike newspapers which have no incentive to exchange anything.
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