this post was submitted on 17 Feb 2024
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[–] [email protected] 38 points 8 months ago (1 children)

It's called being privately owned

[–] [email protected] 12 points 8 months ago (2 children)

That alone doesn't mean much. Private businesses can still suck.

[–] [email protected] 16 points 8 months ago (1 children)

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.

[–] [email protected] 1 points 8 months ago* (last edited 8 months ago)

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.

[–] [email protected] 3 points 8 months ago

Yeah, but they aren't legally required to suck to appease the shareholders like public businesses are.