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What do you think of this prediction? (programming.dev)
submitted 2 years ago by to c/steam@lemmy.ml
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[–] 15 points 2 years ago (10 children)

"Valve is private, so its shareholders are its workers."

I don't know who keeps telling you libs this, but they're lying.

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  • [–] 15 points 2 years ago (5 children)

    I don't think that misunderstanding is limited to the libs.

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  • [–] 2 points 2 years ago

    It is because of a limited understanding of companies in the startup phase. At some point, there is enough cash flow to buy labour outright rather than giving up capital on each hire. This allows shareholders to captute all future capital created by future wagies.

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  • [+] -6 points 2 years ago (3 children)

    Sorry, I forgot about the useful idiot breed of fascist, compared to the "lies as a strategy" breed.

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  • [–] 2 points 2 years ago* (2 children)

    You are most definitely right that the major shareholders aren't the workers. The major shareholders are Gabe Newell, and some bankers in Japan.

    Still, it is known that Valve employees are partially compensated with stock for working in the company, so most of the employees are still shareholders. They just aren't the major ones.

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