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Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business' (www.pcgamer.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 36 points 7 months ago (2 children)

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.

[–] [email protected] 3 points 7 months ago

You dont think Gabe has surrounded himself with like-minded people?

He will pass it off to someone else and Valve will carry on as it has.

[–] [email protected] 2 points 7 months ago

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.