๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

Back

Hiral Jain

CA interย โ€ขย 1y

Hey there! Ready for the John and Flagler again! (p-5) As we have seen J&F cracked deals with both railroads and both parties were in a win-win situation. The only parties who were at a loss were P Railroads and the competitors of Standard Oil. Now because of the deal Cleveland became the biggest refining center and gained attention. P railroad were now in tough times. Now here starts the game, because John new that his competitiors are paying more than him so he decided to break prices And he continued it to acquire market and in order to not lose the customers other businesses followed the suit. Therefore he was the only one earning profits and many of his competitors left the business! Later he boosted the prices again and tried to become a monopolist. But soon things went bad, due to the surplus of oil and new oil fields being found in Pennsylvania they fell more, but due to the railway rebates, he continued to stay profitable whilst others weren't Until next time! Surprise ๐Ÿ‘‡

2 Replies
12
Replies (2)

More like this

Recommendations from Medial

Image Description

Hiral Jain

CA interย โ€ขย 1y

Hey there! Stop and read the story of the ruthless world's first billionaire! (p-4) The oil market is becoming overcrowded and the secret of preparing kerosene is out. With no usp they decide to form alliances and kill their competition. At that ti

See More
3 Replies
5

Hiral Jain

CA interย โ€ขย 1y

Hey everyone, how's everyone doing today? (part 3) So, John and Clark invested in an oil business and built a refinery in Cleveland. Their unique idea of refining oil with sulfuric acid to create longer-lasting and brighter kerosene sets them apart

See More
1 Reply
4
Image Description
Image Description

Hiral Jain

CA interย โ€ขย 1y

Hey everyone, it's awesome to be back with you. [this post is a continuation of a previous post, check that out before] You all remember young John, right? He wasn't fazed when his old company shut down. With enough savings and a partner named Clark

See More
6 Replies
7
Image Description
Image Description

Shuvodip Ray

ย โ€ขย 

YouTubeย โ€ขย 1y

John Schulman, co-founder of OpenAI, announced his exit from the company today. He is set to join OpenAI's rival Anthropic.

2 Replies
6
Image Description
Image Description

Hiral Jain

CA interย โ€ขย 1y

Hey everyone! Sup? Everyone among us does aspire to be a billionaire but today's let's know the story of the worlds first billionaire John D. Rockefeller, had a remarkable and tumultuous life. Born into poverty, he displayed exceptional intelligence

See More
10 Replies
1
4
Image Description

Pulakit Bararia

Founder Snippetz Lab...ย โ€ขย 4m

Why Israel is attacking Iran? Itโ€™s not about nukes. Thatโ€™s just the excuse. The real reason? Oil and the U.S. dollar. Iran sells oil cheap โ€” up to 30% below market โ€” and doesnโ€™t use dollars. This threatens the petrodollar system, where global oil mu

See More
1 Reply
4
15
Image Description
Image Description

Jagan raj

Founder & CEO of Tec...ย โ€ขย 10m

Decode This Rockefeller Quote to Join the Top 1% โ€œHe who works all day has no time to make money.โ€ -ย  John D Rockefeller This quote holds the key to unlocking true wealth. Those who truly understand its meaning have the potential to rise above the

See More
4 Replies
2
Image Description
Image Description

Vikas Acharya

Building WelBe| Entr...ย โ€ขย 9m

The business lessons from John D. Rockefeller The first billionaire in the world ! 1. Discipline and Focus: Rockefeller believed in staying committed to goals and avoiding unnecessary distractions. This focus allowed him to achieve extraordinary s

See More
6 Replies
3
17

Download the medial app to read full posts, comements and news.