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this post was submitted on 17 Oct 2023
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Games
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Google started out the same way. Hopefully this sticks
The advantage atm is that valves privately owned. The moment they go public, be very wary.
That's the biggest piece, smaller but worth mentioning is they make money off of our purchases directly unlike Google.
I think it will be fine as long as Gaben is there. I am afraid that after he retires or ascends into Godhood somehow John Riccitiello will get his ass into that seat.
It will never go public - they are making money over fist and have no reason to participate in public capital markets. They also aren't really interested in growing. The trade off is that not everyone will be able to get a job there.
Issue isn't now but the future. Gabe is content on what he and the company earned, he didn't feel the need to stuck an ever-growing tumor into his company. The story will be different when he's no longer the head of the company, unless Gabe made an unbreakable rule for the company to never go public, the chance of some next-in-line getting greedy on setting themselves and their next few descendant for life is pretty high.
But you can say that about anything. No one can predict the future.
Hopefully, if GabeN leaves, the next manager will be smart and manage steam well. Or they will be not smart and make bad decisions.
Emm yeah do you realise you're the one saying "they will never went public"?
I think it is very unlikely. But you are going "what about in the future?" Well, I still think it is unlikely. And then you can go "What about after that?" Well okay, I still think it is unlikely, even then. "How about after that though?"
Damn, okay, they are going to go public, all their developers will go on strike, make everyone buy all their steam library all over again and start selling GLaDOS NFTs. Is that what you want to hear? It's just a very funny comment. Yes, I don't think they will ever go public, till the end of time. The world will be a burnt out husk before Valve goes public.
Oof, you sound upset.
poke
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Dude, stop poking me
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Dude, fucking stop!
"Oof, you sound upset"
oof, we can't have a debate here now.