this post was submitted on 20 Jun 2024
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This seems to happen every time a technology company grows beyond some threshold of size/market share/revenue. I can’t think of a single exception.
Valve has done a pretty good job. Probably because of their ownership model
Valve is still a private company. If they ever made an IPO then they would be screwed.
The stock market literally forces companies to be evil. Once you do an IPO, you're contractually obliged to be shitty in order to bring higher revenues.
Not just the stock market but i’m pretty sure it’s a legal precedent that companies must prioritize shareholders over anyone else.