this post was submitted on 06 Jan 2024
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[–] speaker_hat@lemmy.one 5 points 10 months ago (3 children)

I just read in Wikipedia that Valve is privately helded.

There must be something magical in the fact that they don't need to feed their shareholders with mountains of cash every quarter, and actually focus on their customers, as happened in this post.

[–] Budd@lemmy.world 2 points 10 months ago (1 children)

Fun fact, they used to be public but Gabe took it back private after realizing how shitty it was having to answer to shareholders.

[–] speaker_hat@lemmy.one -1 points 10 months ago

That's an interesting piece of info

[–] cordlesslamp@lemmy.today 2 points 10 months ago (1 children)

And the fact is they still make a mountain of cash every quarter, just by focusing on their customers.

[–] Crikeste@lemm.ee 1 points 10 months ago (1 children)

I don’t know about that. They run one of the most predatory examples of gambling in gaming.

The new EU ruling really brought to light how big of a problem the CS:GO gambling is.

[–] Reddit_Is_Trash@reddthat.com 0 points 10 months ago (2 children)

Is gambling really that bad though? It's voluntary. Valve isn't forcing you to buy keys or cases if you don't want them

[–] Liz@midwest.social 2 points 10 months ago

It's addictive. We regulate other addictive things like cigarettes, no reason we shouldn't put guard rails on gambling. We already do, but I think we've got to the end regs in a few areas.

[–] Crikeste@lemm.ee 1 points 10 months ago

Same argument could be made for Heroin that is illegal as fuck.

[–] scottmeme@sh.itjust.works 1 points 10 months ago

Easy answer. Valve prints money.