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Microsoft - keep your filthy hands off Valve, leak shows MSFT would buy Valve
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this post was submitted on 22 Sep 2023
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I like to think Gabe knows all too well the importance of remaining a private business. Publicly traded businesses are the root cause of a lot of problems in the world.
I work for a company that has specifically stated it will never do that and has stuck to those guns for 50+ years
I work for one who said the same thing then 2 years ago sold for $12 billion dollars to a public company. The employees didn't get very much of that either.
A public traded company has way more transparency, I have no idea why you believe privately held companies would be in any way better.
The problem is often when the original founder of a private company leaves, the company loses its roots and by that its reason to exist. And those two often go together.
Only more transparency in the fiduciary sense, which only really helps shareholders. All companies are still required to follow any regulatory disclosures, which generally benefits the public and users.
Valve has only gotten to where they are being on the pulse of the gaming community, and being agile to adapt to those needs. Publicly traded companies only care about profits and shareholders by contract. That's kind of their job once they go public. Very few buck that trend.
Yes you are somewhat right. But IMO Valve is what it is because of Gabe Newell, private or public is not the determining factor.
When Gabe Newell at some point leaves Valve, the company will change, no matter if it stays private or goes public.