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Valve ban advertising-based business models on Steam, no forced adverts like in mobile games
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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.
Can you give same examples of such privately owned companies which are long term focussed?