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this post was submitted on 25 Sep 2023
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I trust a steam monopoly long before I'd trust epic. Epic is run to meet the needs of share holders and valve is run to meet the needs of Gaben.
Gaben isn't going to last forever. But honestly the only other good games storefront is GoG. I'll continue using Steam for as long as it's still good.
Gaben has been hands off at valve for a decade. He's off breaking world records with research submersibles. Playing with his rubber duckies in the bathtub.
Is that not what you want from him?
Just saying that trust in Gaben and trust in Valve are two separate things. Valve has been doing fine without Gaben at the wheel.
The point is that, other than Gabe, Valve doesn't have any shareholders to put before their customers. A publicly traded company, on the other hand, effectively has no choice but to cause as much harm as possible to their customers and to society in general in order to maximize short term shareholder profits, leading to runaway enshittification.
Nobody is talking about public companies here. Both Valve and Epic are private companies.
If you want to complain about profit motives, that's a capitalism problem overall, not an issue with public vs. private corporations.
One of those companies is partly owned and heavily influenced by a publicly traded Chinese company.
are you referring to tennacent (likely misspelled)
No I am referring to Tencent Holdings Limited
https://markets.ft.com/data/equities/tearsheet/summary?s=700:HKG
Both Valve and Epic are private companies. I still trust Valve over Epic, but I think technically Tim Sweeney has pretty much full control over Epic as well (for better or for worse).
He does, but not the stake Gaben has. Sweeny sold 40% to tencent. This still gives him control, but thats a very large shareholder that can push and pull when they want.
They can't "push and pull" anything. With Sweeney owning 50%+1, Tencent and anyone else he sold shares to can literally do nothing - he will always have the final say. And since the company is private, there's almost certainly an agreement/contract in place on those share purchases that if someone wants to dump them they have to offer them back to him/the company first. Since it's not a public company they can't just go sell their shares on an open market. The threat of a large shareholder is gone in a case like this - they can't stage a hostile takeover and they can't dump and run.
You’re thinking of technically taking the decisions in the company. But shareholders can do much more. Like influencing the value of stocks by selling too many at once.
Tell me you didn't actually read my comment without telling me you didn't read my comment.
You’re also assuming there are no other shareholders………..
Sure, maybe those 106 are sharing 10% but I doubt it.
Another point for me at least, I actually put in effort to not getting made in China products where feasible. The same thing applies here, supporting epic is supporting China. I really just prefer not to support China, so no epic games for me.
Ah that’s a fair point. I haven’t paid too much attention to this. Thanks for providing some more context :).