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Revision as of 14:01, 2 July 2010

Business B‑class High‑importance

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A fact from Cornering the market appeared on Misplaced Pages's Main Page in the Did you know column on 4 July 2004. The text of the entry was as follows: Did you know... that the Great Salad Oil Swindle was an infamous attempt at cornering the market? A record of the entry may be seen at Misplaced Pages:Recent additions/2004/July.

Disagreements

Article is WRONG. It is too narrow. Cornering the market is not necessarily illegal. Cornering the Market is to be so successful at at selling or making a particular product that almost no one else sells or makes it. This is per the Cambridge International Dictionary of Idioms © Cambridge University Press 1998. It is not illegal to be successful like that.

What this article is describing is not Cornering the Market but rather, "Manipulating the Market" or something like that. Anyway, it is wrong and it is very bad.--Blue Tie 22:33, 25 September 2007 (UTC)

The "Great Salad Oil Swindle" is not an example of an attempt to corner the market, it's just plain old fraud. This paragraph should be removed. -ID —Preceding unsigned comment added by 146.229.139.228 (talk) 21:32, 31 October 2007 (UTC)

Trading Places – not a good example

The article says the climax of Trading Places involves a scheme to corner the market in frozen concentrated orange juice. This is incorrect; the Dukes' plan is just to make use of inside information (a stolen crop report) to buy the frozen concentrated orange juice at what they think is an artificially low price. Unless I'm mistaken, there's nothing in the movie to indicate that they are attempting to influence the price of FCOJ (though this happens inadvertantly, when other traders see the Dukes buying up FCOJ and assume they know something about the coming crop report).

Unless I hear otherwise, I'll remove this reference. -- Narsil (talk) 18:16, 13 August 2008 (UTC)

I'd be very happy if you were to remove the reference. Debate 木 22:53, 13 August 2008 (UTC)

Why it fails

This article could do with a better explanation of exactly why this is a risky proposition. Hixie (talk) 09:30, 30 August 2008 (UTC)

Good suggestion. If you have the time to scratch something together please be bold and add it. Debate 木 09:43, 30 August 2008 (UTC)

If I knew the answer, I would! Hixie (talk) 08:21, 13 November 2008 (UTC)

RuneScape

In the MMORPG RuneScape, groups of players are currently buying up huge numbers of items and hoarding them to inflate their prices - successfully. This is the same thing as what this article describes, yes? If it ever made it into a newspaper or some other source, would it be worthy of inclusion? Vimescarrot (talk) 11:45, 29 May 2009 (UTC)

Porsche vs. Volkswagen

Article: "During the Financial crisis of 2007-2010, Porsche cornered the market in shares of Volkswagen, gaining an estimated 6-12 billion Euros. Porsche claimed that its actions were intended to gain control of Volkswagen (which they did accomplish)"

Except they didn't (in fact, quite the reverse). In the end Volkswagon "merged" with Porsche, threw out Porsche's chairman, and made Porsche a subsiduary. See:

23 July 2009 "VW prepares to take over Porsche" http://news.bbc.co.uk/1/hi/business/8165524.stm

“ The latest move comes after Porsche's chief executive Wendelin Wiedeking and financial director Holger Haerter had resigned "with immediate effect".

Mr Wiedeking had failed in his long-running attempt to take over VW, despite Porsche building a 51% holding in the company.

Porsche had hoped to build up a 75% stake, but the financial crisis and the slump in the global automotive sector put paid to its efforts, which in the end saddled the sports car maker with huge debts. ”

23 July 2009 "Porsche CEO Wiedeking Resigns" http://www.spiegel.de/international/business/0,1518,637760,00.html

•Λmniarix• (talk) 13:59, 2 July 2010 (UTC)

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