Whenever a group of giant corporations control or collude on pricing in a sector, business or industry such as railroads, airlines, steel, computers, telecommunications, silver or the Internet, bad things will undoubtedly ensue. This is the reason for Anti-Trust laws in America.
Inside the international, global scope of the Internet, regulating these cabals becomes much trickier.
And on the web, there are few more tightly-knit online businesses than travel; early start-up businesses tended to cluster around this online transaction because the travel industry was an obvious early online landing zone to reduce costs and increase convenience to busy travelers through online shopping, pricing and booking. Of course, we now have dominant online travel incumbents--relatively mature businesses called Online Travel Agents (OTAs)--like Expedia (NASDAQ: EXPE; started by Microsoft but sold off), Travelocity (owned by Sabre Holdings, the American Airlines' creation and former market dominant distribution system), Orbitz (NYSE: OWW), Opodo (founded by European airlines including British Air, Air France and many others), Hotwire (an "operating company" of Expedia), Priceline (NASDAQ: PCLN) and others who effectively dominate the emerging industry much more than Carnegie or Rockefeller ever did theirs.
Source
Commis II Indian - Jobs in India
And on the web, there are few more tightly-knit online businesses than travel; early start-up businesses tended to cluster around this online transaction because the travel industry was an obvious early online landing zone to reduce costs and increase convenience to busy travelers through online shopping, pricing and booking. Of course, we now have dominant online travel incumbents--relatively mature businesses called Online Travel Agents (OTAs)--like Expedia (NASDAQ: EXPE; started by Microsoft but sold off), Travelocity (owned by Sabre Holdings, the American Airlines' creation and former market dominant distribution system), Orbitz (NYSE: OWW), Opodo (founded by European airlines including British Air, Air France and many others), Hotwire (an "operating company" of Expedia), Priceline (NASDAQ: PCLN) and others who effectively dominate the emerging industry much more than Carnegie or Rockefeller ever did theirs.
Source
Commis II Indian - Jobs in India