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A comment on Why Amazon Has No Profits and Why It Works. Parent comment

Re:Why Amazon Has No Profits and Why It Works by WalterBright on Friday September 05, 2014 @03:01PM (#8275662)
I read Titan. Interestingly, it documents how SO's market share was declining steadily throughout the anti-trust trial, and Rockefeller was unable to stop it.

It runs against the conventional story of SO being an inevitable monopoly.

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Re:Why Amazon Has No Profits and Why It Works by vinceguidry on Friday September 05, 2014 @03:23PM (#8275790)
Well, at the time, the kerosene market was declining and there was nothing bringing it back. Right after the breakup, Henry Ford finally perfected the automobile, and Standard Oil came right back.
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Re:Why Amazon Has No Profits and Why It Works by WalterBright on Friday September 05, 2014 @03:33PM (#8275852)
Market share isn't the same thing as market size. The point being, SO was losing to competitors.
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Re:Why Amazon Has No Profits and Why It Works by valarauca1 on Friday September 05, 2014 @04:07PM (#8276002)
Very true. From 1870 to 1890 SO was 90% of the oil market. By 1907 they were 68%.

Their main competition was from Russia oddly enough.

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