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[-] senoro@lemmy.ml 124 points 1 year ago

Also because valve is private, they don’t have any legal obligations to return maximise profit. They can purposefully lose money if they want and it’s not illegal. (At least to my knowledge)

[-] Justas@sh.itjust.works 29 points 1 year ago

It would be illegal if they did it to price out the competition, which I don't think is something they do.

[-] altima_neo@lemmy.zip 9 points 1 year ago

Yeah, that's it right there. Not being public means they don't have to appease shareholders who want maximum growth and returns.

[-] M500@lemmy.ml 8 points 1 year ago

I’m guessing this is a big part of it. A private company can do just about whatever they want as there are not shareholders that you are working for.

[-] dudewitbow@lemmy.ml 5 points 1 year ago

Private companies can have shareholders(all nfl teams but the Packers), its just a game of finding shareholders who doesnt care about constant short term profit.

this post was submitted on 22 Sep 2023
710 points (98.8% liked)

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