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[-] senoro@lemmy.ml 119 points 2 years 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 28 points 2 years 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 8 points 2 years 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 2 years 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 2 years 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
698 points (100.0% liked)

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