this post was submitted on 06 Jan 2024
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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.
Easy answer. Valve prints money.
And the fact is they still make a mountain of cash every quarter, just by focusing on their customers.
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.
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
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.
Fun fact, they used to be public but Gabe took it back private after realizing how shitty it was having to answer to shareholders.
That's an interesting piece of info