this post was submitted on 13 Sep 2023
69 points (96.0% liked)

Gaming

2492 readers
71 users here now

The Lemmy.zip Gaming Community

For news, discussions and memes!


Community Rules

This community follows the Lemmy.zip Instance rules, with the inclusion of the following rule:

You can see Lemmy.zip's rules by going to our Code of Conduct.

What to Expect in Our Code of Conduct:


If you enjoy reading legal stuff, you can check it all out at legal.lemmy.zip.


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] gravitas_deficiency@sh.itjust.works 5 points 1 year ago* (last edited 1 year ago)

That’s great and all, but I’m judging them based on what they’re doing, and not so much on what they’re saying.

They’re trying to squeeze blood from a stone. This is the classic VC/PE enshitification cycle. They’re going to ride it into the ground chasing profitability, and it’s 100% part of their business model.

Edit: did another couple searches; found this:

Unity Technologies is a publicly-traded company, and its ownership is divided among its shareholders. The company’s largest shareholders include Silver Lake Partners, Sequoia Capital, and Coatue Management. Among the three co-founders — David Helgason, Nicholas Francis, and Joachim Ante — Ante is the only one still involved as a board member and technical advisor. The current CEO of Unity Technologies is John Riccitiello, who joined the company in 2014. Under Riccitiello’s leadership, Unity has continued to grow and expand into new markets, such as augmented reality and virtual reality.

Emphasis mine.

Silverlake is private equity; Sequoia is VC; Coatue is a “privately owned hedge fund sponsor” (read: private equity). This enshitification trajectory should be expected when controlling interest of anything is held by financial organizations of this type.