they glutted the market in order to cause a shakeout of their competitors.
Examples of shakeout
shakeout
The home-building market is still far from healthy and the shakeout is not over.
From the heraldtribune.com
Park insists Hynix will survive a shakeout that could sink smaller DRAM makers.
From the businessweek.com
The last shakeout comes Saturday in an uphill finish at the dreaded Mont Ventoux.
From the sportsillustrated.cnn.com
Unless we crack that denial, we could be in a Japanese-like shakeout ourselves.
From the businessweek.com
So does the shakeout in the US provide an indication of where the UK is headed?
From the uk.techcrunch.com
It makes sense to let others test the product while the shakeout period continues.
From the newsobserver.com
Either a company goes bust, or somebody else steps in and executes a job shakeout.
From the guardian.co.uk
Default rates are still at historic lows, and a full shakeout has yet to hit.
From the forbes.com
Well, if such a shakeout happens, not every company can emerge as the canny victor.
From the bloomberg.com
More examples
An economic condition that results in the elimination of marginally financed participants in an industry; "they glutted the market in order to cause a shakeout of their competitors"
Shakeout is a term used in business and economics to describe the consolidation of an industry or sector, in which businesses are eliminated or acquired through competition. ...
A situation where many scared investors exit their positions due to unfavorable news or uncertainty regarding the stock or industry. The dot-com bust was characterized by numerous shakeouts causing many to abandon their dot-com positions, often at great losses.
1) The operation of removing castings from the mold 2) a mechanical unit for separating the molding materials from the solidified metal casting.
A dramatic change in market conditions that forces speculators to sell their positions, often at a loss.
The corrections during a recession or depression in which the malinvestment is eliminated by the market, usually in a wave of bankruptcies and/or mergers and acquisitions.
A condition that may occur as a result of innovation or technological change in a competitive industry. Because the introduction of new processes or techniques will improve productivity, more overall industry output becomes possible, driving down the price level. ...
Removal of castings from a sand mold. See also knockout.
When the number of firms in an industry decreases due to mergers and/or bankruptcies.