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Valve antitrust lawsuit reportedly reveals lengths Steam owner is willing to go to prevent cheaper prices elsewhere (www.eurogamer.net)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 1 point 4 months ago (7 children)

Steam meets the definition of a monopoly which is above 50% market share.

https://www.merriam-webster.com/dictionary/monopoly

I see "exclusive" in the definition, I don't see "50% + 1".

Not to mention being sued as a monopoly in several lawsuits

I could sue you for running a monopoly. I won't be successful because it isn't true, but I could still bring it to a court. Charges being filled doesn't mean they are true. That's why this is a court case and not a judgment.

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  • [–] 0 points 4 months ago (6 children)

    From the FTC

    "Courts look at the firm's market share, but typically do not find monopoly power if the firm (or a group of firms acting in concert) has less than 50 percent of the sales of a particular product or service within a certain geographic area. Some courts have required much higher percentages. "

    Obviously using a dictionary definition isn't what is used in a legal sense. This is kind of silly to point out honestly.

    Not only does Steam have the market share it is also engaging in price fixing to maintain their market share. This is classic monopoly behavior.

    At this point it is not even a question if Steam is a monopoly. The question is will a judge or government do something about it.

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  • [–] 1 point 4 months ago (5 children)

    "Courts look at the firm's market share, but typically do not find monopoly power if the firm (or a group of firms acting in concert) has less than 50 percent of the sales of a particular product or service within a certain geographic area. Some courts have required much higher percentages."

    That also doesn't say anything over 50% is considered a monopoly. It just states it won't even be considered one if it's less than 50%.

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  • [–] 0 points 4 months ago* (last edited 4 months ago) (4 children)

    Yeah, like that is a given. As I already stated, Steam is involved in price fixing. They have engaged in anti competitive behavior thus showing their monopoly power.

    It is already conclusive they are a monopoly. If you can provide proof they are not then I will entertain you.

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  • [–] 1 point 4 months ago (3 children)

    It is already conclusive they are a monopoly. If you can provide proof they are not then I will entertain you.

    That is the opposite to how this works. I can't just say "It is already conclusive that you are a prostitute. If you can provide proof that your are not I will entertain you."

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  • [–] 0 points 4 months ago (2 children)

    Yes, I can say that based upon the available evidence. I have studied enough about monopolies that I feel completely comfortable with saying Steam is a monopoly. I totally get you are in denial. That is okay.

    I find it strange you would bring prostitution into this as an example. But, if you knew I accepted money for sex like we know Steam has engaged in anti competitive practice while controlling the majority of the market then I guess it would be safe to call me one. Cheers!

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