NotMyOldRedditName comments on Can anyone overthrow Steam on PC? "As long as Valve is independent and not a publicly traded company," analyst says it looks impossible

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[–] NotMyOldRedditName@lemmy.world 4 points 2 days ago* (4 children)

There are limits on shareholders in private companies.

https://www.investopedia.com/terms/5/500-shareholder-threshold.asp

Looks like the number is 2000, but that excludes employees. It used to be 500.

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[–] NGram@piefed.ca 4 points 2 days ago* (3 children)

That's only a (USA) reporting limit. A private company can still have more than 2000 shareholders, but it must then publicly report its finances like a public company would.

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