this post was submitted on 17 Feb 2024
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It's called being privately owned
That alone doesn't mean much. Private businesses can still suck.
They can and do. You’re right in a way that ignores the context of the situation you are commenting upon.
The context is:
Valve can seem to do very little and win.
Publicly owned companies are often pressured to “diversify” or “cut costs” to give dividends to shareholders.
As a privately owned company valve is not beholden to shareholders or takeover risks.
Imagine I said I don’t have to worry about car payments because my car is paid off and you said “some cars suck”. That’s how right you are.
It only ignores the context if you're assuming I am saying Valve is one of those private businesses that sucks. Having shareholders doesn't mean a company will suck, just as being private is no guarantee it won't suck.
Imagine if the comment I replied to said "the sky is always blue" and I pointed out that sunrises and sunsets can be orange, pink or purple and entirely black at night.
Yeah, but they aren't legally required to suck to appease the shareholders like public businesses are.