ylai@lemmy.ml to Gaming@lemmy.mlEnglish · 7 months agoPhil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business'www.pcgamer.comexternal-linkmessage-square20fedilinkarrow-up1123arrow-down17
arrow-up1116arrow-down1external-linkPhil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business'www.pcgamer.comylai@lemmy.ml to Gaming@lemmy.mlEnglish · 7 months agomessage-square20fedilink
minus-squareChuckEffingNorris@lemmy.mllinkfedilinkarrow-up23·7 months agoSteam is a prime example of this. Not privately run it would have been bloated to extinction years ago. Shareholders are leechers to quality. Dividends are not enough, the underlying asset must grow no matter what. When Gabe croaks it Steam is fucked. It will go public.
minus-squarekadu@lemmy.worldlinkfedilinkarrow-up2·7 months agoYeah, Gabe’s son is entirely focused on his own business, not related to gaming at all. Once Gabe is gone, his son will probably just sell it for an acceptable price and Steam will go public fairly soon after.
Steam is a prime example of this. Not privately run it would have been bloated to extinction years ago.
Shareholders are leechers to quality. Dividends are not enough, the underlying asset must grow no matter what.
When Gabe croaks it Steam is fucked. It will go public.
Yeah, Gabe’s son is entirely focused on his own business, not related to gaming at all. Once Gabe is gone, his son will probably just sell it for an acceptable price and Steam will go public fairly soon after.