• Dudewitbow@lemmy.ml
    link
    fedilink
    English
    arrow-up
    152
    ·
    1 year ago

    The advantage atm is that valves privately owned. The moment they go public, be very wary.

    • Chariotwheel@kbin.social
      link
      fedilink
      arrow-up
      90
      arrow-down
      2
      ·
      1 year ago

      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.

      • Sparking@lemm.ee
        link
        fedilink
        English
        arrow-up
        21
        arrow-down
        2
        ·
        1 year ago

        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.

        • leftzero@lemmy.ml
          link
          fedilink
          English
          arrow-up
          53
          ·
          1 year ago

          The question is how long that mindset will survive once Gaben leaves. Or dies.

          We need to upload him into a GabenOS of sorts. To preserve the Valve mindset, and also for science.

          Some neurotoxin and mass murder would be a small price to pay.

          • Sparking@lemm.ee
            link
            fedilink
            English
            arrow-up
            5
            ·
            1 year ago

            To be a little more serious, I think there us a lot less risk that anything could happen. It is too profitable. I think of valve more like a company like Rolex, where they are crazy profitable and can do whatever they want.

            No one can predict the future, and someone can always screw it all up with bad management. But I would predict that it is more likely that they would get bought out by Berkshire or something before going public or getting acquired by some VC firm.

        • Annoyed_🦀 @monyet.cc
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          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.

          • Sparking@lemm.ee
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 year ago

            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.

              • Sparking@lemm.ee
                link
                fedilink
                English
                arrow-up
                4
                ·
                1 year ago

                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.

          • barsoap@lemm.ee
            link
            fedilink
            English
            arrow-up
            1
            ·
            1 year ago

            unless Gabe made an unbreakable rule for the company to never go public

            Not exactly unprecedented, see e.g. Bosch, Zeiss, or, staying in the US, Mozilla.

      • withabeard@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        10
        ·
        1 year ago

        Going public would mean gaben has sold out. Which would make sense for him at some point. If he’s still working there he’ll be stuck with the worst of both worlds.

        Whoever comes in under him will want to make their pie and ready it too.

        • Belgdore@lemm.ee
          link
          fedilink
          English
          arrow-up
          24
          ·
          1 year ago

          There’s no point in selling out when you make money hand over fist. All going public would do is make him lose total control of his company.

          • MysticKetchup@lemmy.world
            link
            fedilink
            English
            arrow-up
            5
            ·
            1 year ago

            Not everyone is interested in total control. If Gaben decides he wants to retire on an even bigger pile of money or if his successor wants to cash in quick they could easily go public and reap a massive amount since Valve shares are sure to be high. I think the former is less likely than the latter, but Gabe is getting to retirement age, I expect to hear about a successor in the next 10-20 years

              • MysticKetchup@lemmy.world
                link
                fedilink
                English
                arrow-up
                4
                ·
                1 year ago

                A lot of people are unimaginably rich, but that doesn’t stop them from coveting more wealth. Gaben seems to be happy where he is, thus why I think it’s less likely he sells out than a successor takes over and sells out instead

    • BallShapedMan@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      ·
      1 year ago

      That’s the biggest piece, smaller but worth mentioning is they make money off of our purchases directly unlike Google.

      • roguetrick@kbin.social
        link
        fedilink
        arrow-up
        7
        arrow-down
        2
        ·
        1 year ago

        That’s why they do promote say sales, because they still get the same cut and might see more revenue out of it. Selling general ads doesn’t fit with what they’re going for, but they do aggressively push ads.

          • lud@lemm.ee
            link
            fedilink
            English
            arrow-up
            5
            ·
            1 year ago

            Maybe they mean the ads that popup occasionally when starting steam

              • lud@lemm.ee
                link
                fedilink
                English
                arrow-up
                6
                arrow-down
                1
                ·
                1 year ago

                I have nothing against them personally but they are undoubtedly advertising and are turned on by default.

                • mihnt@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  4
                  ·
                  1 year ago

                  Yeah, but hardly aggressive. They only popup when you start steam. If you leave it running, even with the option on, you never see them.

                  • lud@lemm.ee
                    link
                    fedilink
                    English
                    arrow-up
                    2
                    ·
                    1 year ago

                    I dunno pushing ads on every boot seems at least a bit aggressive (remember that steam auto starts by default on Windows).