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I know he has a fleet of megayachts but i wasn't awake he owns an entire megayachts business

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[-] psion1369@lemmy.world 13 points 21 hours ago

I have seen plenty of comments here trying to make Gabe out to be an ultra bad capitalist evil villain because he owns this company that, as far as I'm aware, pays it's employees. And most of those arguments are around the fact that it's a mega yacht company. All sounding like people shouldn't have unnecessary luxuries. If we went down that route, nobody needs video games, nobody needs music recordings, movies or tv shows, nobody needs clothing that expresses themselves, we all should only have the basic necessary tools of work and the most utilitarian of clothing and homes. Food only to sustain, not enjoy. Tell me I'm wrong.

I won't disagree that some people don't need mega yachts, but I feel that having this company, maybe he could work on building better floating housing systems. Or maybe he is employing people and giving them good paychecks for working on these yachts.

[-] brachiosaurus@mander.xyz 8 points 17 hours ago

Tell me I’m wrong.

You are wrong. Russian oligarchs and billionares shouldn't have access to any sort of luxury the same way a pedophile or a rapist shouldn't. They are criminals. You can be rich, even a millionaire but to get away with a billion you have to play dirty and be greedy. Valve did evil shit such as promoting gambling to kids. Owning multiples megayachts it's not like watching tv or playing videogames it's more like collecting elephants tusks. We are on the verge of a climate crisis and everyone is getting poorer, the megayachts business is a smack in people and humanity face.

[-] kestrel7_7@lemmy.world 7 points 19 hours ago* (last edited 19 hours ago)

So, I love boats and sailing.

Megayachts aren't for people who love boats and sailing, they're for rich people who love the privacy of having a mobile private island. In their operation (big diesel engines, fiberglass hulls made with MEK, dumping raw sewage and such), they pollute a lot more than basically any other method of travel/living.

The people at Gabe Newell's company probably make decent money. But it's a dangerous job working with extremely toxic chemicals (if it's good for the boat, it's bad for the environment, and it's bad for the workers). A lot of them probably have to retire early with health problems.

I love boats and sailing, but this megayacht shit sucks.

[-] Snapz@lemmy.world 3 points 19 hours ago

What a weird parasocial position to attempt a sincere defense of... Really planning for the future huh, you temporarily embarrassed millionaire?

One daty you'll get that sweet mega yacht invite, and you'll be able to say, "don't worry friends, I always had your back when THEY would try to disparage you" and they'll say, "we always knew you were different, better... one of us, Stewart. We just had to wait until you pulled yourself up by your bootstraps, as of course, we all had before"

[-] Smaile@lemmy.ca 1 points 19 hours ago* (last edited 19 hours ago)

The amount of tankies on here is why, some of them just hate the fact rich people exists and not the fact a lot of them simply cheat the system and exploit legal loopholes and do shady deals. I don't like that mega rich people exist but I don't care if they do simply exist, I HATE that they influence legislation and law to suit themselves in spite or neglect of the average person, It's childish to attack those who are simply successful.

[-] mriormro@lemmy.zip 2 points 13 hours ago

I don’t think you know what a tankie is…

[-] Smaile@lemmy.ca 1 points 13 hours ago* (last edited 13 hours ago)

far lefts that dont realize they have more in common with an Totalitarianism then they do democracy or real Marxism?

[-] DeepRoots@lemmy.world 3 points 13 hours ago* (last edited 13 hours ago)

Not wanting Billionaires to exist and own megayachts isnt far left. They are beating you to the right with the overtone window at this point

[-] Smaile@lemmy.ca 1 points 13 hours ago

and your makeing assumption as well with that statement, just because someone is successful doesn't mean they should be punished for just that, plenty of far bigger names to hit then gabe.

[-] crapwittyname@feddit.uk 2 points 13 hours ago

They shouldn't be punished, but they shouldn't be rewarded to the point where they're building things like megayachts while the majority of the people on earth can't own a vehicle of any kind.
It's obscene

[-] rumba@lemmy.zip 9 points 21 hours ago

A man's gotta have hobbies /s

[-] Asonyxi@sh.itjust.works 73 points 1 day ago

Steam is a good service compared to the alternatives, but corpos will always be corpos. Having loyalty to any company, no matter how good they seem will inevitably lead to disappointment. That said....the vast majority of my game library is from steam, but I have been trying to get more of my games from GOG. Its best to be safe cause you never know when companies like valve will go mask mask off and become the next EA or Microslop.

[-] Azal@pawb.social 4 points 13 hours ago

Steam is a good service compared to the alternatives, but corpos will always be corpos

This. I was telling friends back when Google's motto was "Don't be evil" because the rule is never trust a corporation.

Then again, I grew up around the home of WalMart so I guess I may have been used to shitty tactics with the veneer of "helping the community"

[-] Smaile@lemmy.ca 3 points 19 hours ago

It'll happen when Gabe dies and gets replaced

[-] GalacticPanther@sh.itjust.works 23 points 1 day ago

I guess if they ever decide to go public, that would be the start of the enshittification process.

[-] StankStain@lemmy.today 188 points 2 days ago

friendly reminder that valve is not your friend. they operate the way they do because that's their business strategy to make the most money long term.

[-] DupaCycki@lemmy.world 104 points 1 day ago

No corporation or billionaire is your friend. No matter how nice they appear just because the rest are genocidal sociopaths.

Not all of them are necessarily evil either, but regardless of their intentions, they're almost always a net loss for society.

[-] flamingo_pinyata@sopuli.xyz 25 points 1 day ago

Regardless, we should reward socially beneficial behavior. Billionaires are humans, and as such trainable through a correct reward structure. Harm reduction is important.

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[-] NewNewAugustEast@lemmy.zip 28 points 1 day ago* (last edited 1 day ago)

Fairly happy to find a business that wants to make money long term. Pretty rare these days. I would say thats a good thing, wouldnt you?

How do they do it? Looks like expanding into the open hardware space, the open source space, have good customer service and avoid ads except to promote games.

And the alternative is what? GOG?

In the end they are just a store front, so it isnt even like they are the only place to buy a product, yet somehow they are the only ones that seem to even give a shit about me playing games on Linux.

And then there are the employees. As far as we know (please if you work at valve say something) they are the highest compensated people in the it/game industry.

[-] DisasterTransport@startrek.website 9 points 1 day ago* (last edited 1 day ago)

Valve is legendary for being a good employer. I remember hearing about an employee who tried to tender a resignation when he was diagnosed with something chronic and debilitating. Can't remember what. Anyway, point is, he decided he couldnt do his job, tried to resign, Newell refused to accept it and told him "your job at Valve is to get better. Come back when you're better." So the employee kept his pay, his benefits, all of it. And this was right around the release of HL2, so Valve was not yet the monopoly market maker it is today. Gabe Newell is a billionaire. He may or may not be a good person. But he is a forward thinker and a good boss.

[-] NewNewAugustEast@lemmy.zip 8 points 1 day ago

Yeah there was some leaked payroll data around 2021, so its old info, but with bonuses, profit sharing and base salary the average compensation is something like 1.4 million per employee.

Way back when Gabe said he didnt want employees he wanted partners and they would share the success. I don't know what its like today though.

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[-] djsiete@sh.itjust.works 5 points 1 day ago

Within faulty power structures, we should make the sober decision to support the ones we seem are best fit for us!

[-] Goudewup@lemmy.dbzer0.com 22 points 1 day ago

No, Valve is privately owned. That means the company does whatever the owners want it to do. Unlike public companies which can be sued by their own shareholders of they don't pursue profits hard enough.

That's not to say we should blindly idolize a billionaire, but he and in turn Valve can in fact do things that are friendly to consumers.

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[-] BeardededSquidward 10 points 1 day ago

That's...that's how a business should operate. Not chasing quarterly reviews and stock prices, but being in business as long as feasibly possible. Making products and/or services that meet the need of the market and continual improvement of them.

Instead most businesses, especially dealing with video games, are ran by short term thinking psychopaths who only care how a quarter looks and not the long term sustainability of the entire company. They saw a massive influx during the Covid lockdowns and didn't realize that was temporary growth for a particular difficult time so keep chasing those kinds of profits with layoffs, studio closures.

Their organizational method is pretty cool and their book on it is open sourced.

[-] Honytawk@discuss.tchncs.de 2 points 23 hours ago

Cool, still not your friend.

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[-] melfie@lemmy.zip 10 points 1 day ago

I think Gabe acts more like the European rich. They are still pieces of shit, but they learned a long time ago to STFU about their money after a long history involving guillotines and the like that the U.S. hasn’t experienced to the same extent just yet.

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That's what I hate about billionaires.

They all spend their money on luxury shit like this for themselves or other people like themselves.

None of them ever thinks of helping poor people get housing, food and healthcare.

[-] mirshafie@europe.pub 23 points 1 day ago* (last edited 1 day ago)

Like imagine what you could do with that kind of cash. You don't even have to give it away, you can just run good businesses that aren't based on unsustainable greed.

Say you build decent housing and set the rents so the break-even date is 40 years from now, let your foundation own it, and kick back with a tall glass of milk. Say you build an insulin factory in Vermont and pump out pens at $7 each. Say you buy up some farmland and build proper greenhouses to grow food efficiently, allowing 90% of the land be rewilded.

Why in the fuck would you buy 3 Bugattis every year.

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[-] NikkiDimes@lemmy.world 6 points 1 day ago* (last edited 1 day ago)

I thought his yachts were specifically designed as ocean research vessels no? Like the whole reason to buy the company out was to use their resources to make custom order research vessels (with submarine and medical bays) cheaper.

Not to say there aren't better causes, there absolutely are, but if he's out there pushing our scientific knowledge forward, I'm here for it.

If that's what it's for, then that could be acceptable.

[-] greedytacothief@lemmy.dbzer0.com 77 points 2 days ago

Hardly surprising, the dude fucking loves boats. It's too bad he isn't fascinated with the age of sail. Billionaires would be cooler if they sailed in treasure galleons and were assailed by pirates.

[-] scutiger@lemmy.world 39 points 1 day ago

Billionaires would be cooler if their obsession was the bettering of mankind

[-] Waterpumpee@lemmus.org 16 points 1 day ago

Swallowed by the waves, occosionally. Without heirs.

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[-] CosmoNova@lemmy.world 8 points 1 day ago

Billionaires would be cooler if there were mythical creatures that don‘t exist but we tell stories about heroes who slay them.

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[-] sp3ctr4l@lemmy.dbzer0.com 55 points 1 day ago* (last edited 1 day ago)

What I've heard is he wanted to refit the yacht that he bought, so it could support a deep sea submersible.

So... to expedite the refit, he essentially just bought the entire dockyard, the company that owns it. Literal fuck you money lol.

And he does legit use that yacht/remote submersible to sail out to deep seas, exploring the hadal zones south of Japan, other places.

https://www.geeky-gadgets.com/gabe-newell-inkfish-unclassified-ocean-creature/

As I've said in other threads, dude is just actually playing Subnautica IRL.

https://youtube.com/@inkfishexpeditions

https://luxurylaunches.com/transport/gabe-newell-explorer-vessel-08172025.php

https://www.vard.com/articles/inkfish-and-vard-signs-contract-on-groundbreaking-research-vessel

https://www.parliament.gov.to/en/media-centre/latest-news/inkfish-presents-findings-from-2024-scientific-expedition-in-tonga-s-waters

I think these are all ... revolving around the same ship, not 100% sure.

Yeah he's a billionaire, but he at least seems to be an old school tycoon in the sense of... doing actual philanthropy, instead of fancy accounting fraud / money laundering with a non profit happy face on top.

Also, barely anyone knows much about this, so... probably not a naked ploy for positive PR?

EDIT:

If he buys an entire island, or starts trying to do 'sea-steading', then we should be concerned.

That shit is... insane diamond hands crypto ancap fucking nonsense, unless or untill someone actually comes up with an actual well thought out plan... So far all I've seen is complete idiocy at being anything than an elaborate fraud.

If Gabe goes full Andrew Ryan/Cave Johnson, then yeah, we have a problem.

To my knowledge... he basically just has more money than he knows what to do with, so he tries to fund things that would be difficult to fund otherwise, that he also finds neat.

He's also basically founded a seemingly much more legitimate than Elon's neuralink type thing, that does novel research into BCI/brain implants, but like, targetted at actual medical breakthroughs, not like, trying to make a mass consumer general use product.

https://starfishneuroscience.com/

Judge for yourself of course, I've not deeply looked into these things, just apparently a bit more than most.

I can say that I haven't heard of any pigs or monkeys being horrifically tortured, so that's probably good.

[-] brachiosaurus@mander.xyz 16 points 1 day ago

Yeah he’s a billionaire, but he at least seems to be an old school tycoon in the sense of… doing actual philanthropy, instead of fancy accounting fraud / money laundering with a non profit happy face on top.

He owns a fleet o megayachts and one of the biggest companies making these who commissioned megayachts for bezos and russian oligarchs, he's just a piece of shit like all the others. We are on the verge of a climate disaster, one of these boats consume in one hour as much you will do in your lifetime, stop wasting your time defending this idiot, he's not a scientist.

To my knowledge… he basically just has more money than he knows what to do with,

To my knowledge you don't end up with more money than you know what to do with by being a good person. Valve did a lot of shit such as promoting gambling to kids

[-] sp3ctr4l@lemmy.dbzer0.com 18 points 1 day ago* (last edited 1 day ago)

You are insanely aggro for basically no reason.

Never said he was a scientist. Showed that he hires scientists to make use of his toys.

Yep, he's a billionaire, thats bad, i'd prefer he'd just give every steam user a proportional refund with his excess money, that would do more practical good.

Yep, promoting/facilitating gambling to/for kids is in fact immensely shitty and should be stopped, victims should be compensated.

Yep, owning a small fleet of megayachts is very bad for the climate, very selfish, frankly ridiculous.

There, are you satisfied?

Done assuming my thoughts and positions?

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[-] titanicx@lemmy.zip 12 points 1 day ago

My billionaire is better then your billionaire because he owns something I like.

[-] NewNewAugustEast@lemmy.zip 13 points 1 day ago

well yeah. Do you have a point?

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[-] GeneralEmergency@lemmy.world 18 points 1 day ago

Gotta spend all that monopoly money some way.

[-] makeshift0546@lemmy.today 16 points 1 day ago

Don't forget he bought his kid a racing team.

It's amazing you defend this guy for rent sitting because he's one of the good billionaire monopolies 🙄

[-] nullspace@lemmy.world 12 points 1 day ago

If Epic took like 10% of the budget they use for free games and timed exclusives and put that towards making their UX not dogshit, Valve wouldn't even have a monopoly.

[-] Honytawk@discuss.tchncs.de 1 points 23 hours ago

Nah, the UX isn't the problem. Fixing that isn't going to convince all the Valve fanboys. They will find something else to bitch about.

[-] nullspace@lemmy.world 1 points 19 hours ago

Something else? Ah, the review system is also terrible. If a product sucks and you get a refund it will remove your review.

[-] boonhet@sopuli.xyz 6 points 1 day ago

The reason people like him even here where most billionaires are hated, is that he's doing essentially nothing to maintain the monopoly and Valve gives back to the community by working on Linux compatibility. Sweeney, despite having much less market share, is the one engaging in monopolistic practices (paying for exclusives in particular) and refuses to even consider Linux a potential target OS, he wants gaming to remain Windows-only.

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[-] JasonDJ@lemmy.zip 18 points 2 days ago* (last edited 1 day ago)

You know who gets rich in a gold rush? The guy making the picks.

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this post was submitted on 04 Aug 2026
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