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Greedy AAA companies can't comprehend the Valve mindset. (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 99 points 2 days ago (2 children)

Private ownership capitalism.

Stock owners want line to go up forever. Hence we get sociopath CEO's who want to sell DLC for different types of breathing. Private ownership means Gabe can say, "We're making good money, no need to nickle and dime." and focus on product.

[–] [email protected] 85 points 2 days ago* (last edited 2 days ago) (1 children)

Valve is very much a profit focused company. The difference is that they're able to look beyond the next quarterly results and take a more long term view.

[–] [email protected] 37 points 2 days ago* (last edited 2 days ago)

Well yes, but that's the difference between profit focused and growth focused

Being profit focused without being growth focused is very much a unique position compared to other market leaders in tech

[–] [email protected] 24 points 2 days ago* (last edited 2 days ago)

This! The idea of "shareholder value" as the ultimate and singular goal was a mistake, as the world and particularly the US is slowly finding out.