this post was submitted on 17 Oct 2023
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Valve doesn't sell ad space on Steam so it can make room for surprise hits: 'We don't think Steam should be pay-to-win' (www.pcgamer.com)
submitted 1 year ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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[–] delitomatoes@lemm.ee 248 points 1 year ago (5 children)

If you wonder why public companies with billions in revenue can't make a Steam competitor is because they can't think long term, being a private company allows Valve to just work on what they want and grow If they need to

[–] dukepontus@sh.itjust.works 56 points 1 year ago (1 children)

Exactly this! I dread the day they go public :(

[–] sheogorath@lemmy.world 85 points 1 year ago (1 children)

Reportedly Gaben has implemented safeguards to prevent Valve from getting public after his death. So at least we can hope Valve doesn't go public in our lifetimes.

[–] Omniraptor@lemm.ee 6 points 1 year ago

citation needed?

[–] FrankTheHealer@lemmy.world 36 points 1 year ago (1 children)

See also: Reddit's direction to eventually IPO

[–] squidspinachfootball@lemm.ee 10 points 1 year ago (2 children)

Has that happened yet? I thought it was supposed to have happened by now

[–] Dark_Blade@lemmy.world 12 points 1 year ago

It needs to be viable first, which obviously won’t happen when the management keeps stumbling into PR nightmares weekly.

[–] HardlightCereal@lemmy.world 5 points 1 year ago

It nearly happened, but then we protested and tanked the stock price to fuck Spez for fucking us. Now most of the subs are poorly moderated by mods that don't care about their community. Content is suffering and revenue is dropping. Spez pissed on his golden goose and we decided to speed the process up so he couldn't sell before it drowned.

[–] serratur@lemmy.wtf 17 points 1 year ago

they can't think long term

Well they can, but only in one way: Grow by selling at a loss to outcompete other and then make a profit.

[–] dangblingus@lemmy.dbzer0.com 0 points 1 year ago (1 children)

Even if Valve was public, Steam makes so much goddamn money that putting ads on the platform would only cheapen it.

[–] notepass@feddit.de 31 points 1 year ago

Good joke. Investors will see wasted financial potential and make valve do it.

When you have external money you now also have away part of a platform. And the investors don't care. Make number big fast. Nobody there is caring about long term