Definition
That crushing level of market dominance or control where competitors can barely breathe, let alone compete. It's the business world's version of a chokehold—legal, ruthless, and highly effective at maintaining power. When one company has a stranglehold on an industry, innovation goes to die and consumers learn to love whatever they're given.
Example Usage
The tech giant's stranglehold on the app store meant developers had no choice but to surrender 30% of their revenue and smile about it.
Source: Common industry terminology
Related Terms
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See “stranglehold” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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