this post was submitted on 09 Feb 2025
799 points (99.8% liked)

Steam

10808 readers
668 users here now

Steam is a video game digital distribution service by Valve.

Steam News | Steam Beta Client news

Useful tools:
SteamDB
SteamCharts
Issue tracker for Linux version of Steam

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] einkorn@feddit.org 35 points 1 day ago (2 children)

Valve is a private company, so depending on who owns a majority of the shares, not much might change after Gabens earthly demise.

[–] brucethemoose@lemmy.world 29 points 1 day ago* (last edited 1 day ago) (1 children)

Private investors are (usually, and theoretically) more "long-term" motivated than the public markets. Day traders and rotating board members love quarterly boosts even if it implodes the company, but with private equity, passing a bag of shit to someone else isn’t so easy, and desires aren’t so fickle.

Hence I suspect you're right.

[–] xavier666@lemm.ee 4 points 1 day ago

Can you give same examples of such privately owned companies which are long term focussed?

[–] Pregnenolone@lemmy.world 10 points 1 day ago (2 children)

It’s wild to me how few people understand that private companies have shareholders too

[–] einkorn@feddit.org 4 points 1 day ago* (last edited 1 day ago) (1 children)

I am not sure how to interpret your response. Do you mean I do not know that Valve as a private company does have shareholders?

[–] Redredme@lemmy.world 7 points 1 day ago

What he means is, when gaben our lord an saviour dies, his majority shares ownership will be transferred to his inheritors.

The question "do they want to own and do they understand Valve or just see a big pile of cash?" will be answered then and there.

Which can very well result in an IPO.

[–] straightjorkin@lemmy.world 1 points 1 day ago (1 children)

Aren't they called investors when it's private?