691
Can anyone overthrow Steam on PC? "As long as Valve is independent and not a publicly traded company," analyst says it looks impossible (www.gamesradar.com)
submitted 3 days ago by to c/pcgaming@lemmy.ca
300 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 115 points 3 days ago (16 children)

Gabe will eventually die and the MBA that takes over will see the quick paycheck.

  • permalink
  • fedilink
  • source
  • hideshow 16 child comments
    •
  • [–] 63 points 3 days ago (11 children)

    Gabe will probably have it own by all of valve employees, so enshitification would be less likely.

    Maybe I’m wrong but hey let me have some hope.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 11 child comments
    •
  • [–] 29 points 3 days ago*

    Owned by employees (continuously) vs shares given to current employees are two very different concepts.

    But yeah, let us have some hope, otherwise it's GoG or the high seas.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 9 points 3 days ago (4 children)

    Any source for his intentions?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 61 points 3 days ago (3 children)

    There’s no public knowledge of his intentions. However Gabe speaks on how Valve operates plenty and in general, if the industry is doing one thing, they often explore doing the complete opposite.

    Valve’s primary thesis is exceptionally talented people are most productive when they don’t need to think about money, are surrounded by other exceptionally talented people, and there’s minimal people telling those people what to do.

    I doubt Gabe would want the soul of Valve to die with him so his succession plan will factor that in.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 5 points 3 days ago (2 children)

    exceptionally talented people are most productive when they don’t need to think about money, are surrounded by other exceptionally talented people, and there’s minimal people telling those people what to do.

    This all immediately goes out the window as soon as they go public

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 25 points 3 days ago* (last edited 3 days ago) (1 child)

    This is covered in the video I linked…

    “Valve is not a publicly traded company. Being a publicly traded company adds a bunch of headaches and it [doesn’t] really solve any problems for us… It [would mean] that control around decision making now involved third parties… The whole point of being a privately held company is to eliminate another source of noise in the signal between the consumers and producers of a good.”

    Valve are absurdly profitable. What purpose would being public serve? They don’t need to raise extra capital, they don’t have shareholders to provide liquidity to, they don’t need the brand recognition, they don’t need stock for acquisition currency, they don’t need it to attract or retain talent, Gabe doesn’t need an exit strategy when he’s already cash flush to be buying mega yachts.

    For every reason companies go public, none of them would benefit Valve.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 5 points 3 days ago

    Exactly - which is why going public is generally not in the interests of any sustainable company or their customers.

    It is, however, in the interests of (1) company insiders that want a huge payout, (2) companies that are not sustainable pre-IPO and need to transition their business model or practice and set the IPO as a ticking clock where they fund or fail, and (3) companies and CEOs who borrow cancer's business model and are dissatisfied by anything except infinite expansion.

    None of those benefit the customer and it makes it rational to expect an IPO to destroy what's good about a company and its products.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 4 points 3 days ago

    I can imagine a nightmare where they add a monthly subscription for something to get a foot in the door. "Just $1.99 for unlimited cloud saves! Storage isn't free you're supporting the devs!"

    A lot of people will pay it because "gamers" are, famously, little better than children.

    Then it's downhill from there. More subscriptions. Free service thinned. Popularity gone.

    It's what always happens when that kind of person gets in.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 1 point 3 days ago

    What makes you think that? From what I've heard, management is already pretty separated from any of the actual devs at Valve. Orders come down from on high ( they're not even in the same building) and the rest have to scramble to make it happen with their isolated "flat hierarchy" setup.

  • permalink
  • fedilink
  • source
  • parent