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0 pointsjohnnyanmac4y ago0 comments

>I know it's hip to be cynical and all, but seriously.

I mean, thats many of the comments about this news, despite Epic/Tencent historally ringing true to their words.

>could anyone even put together a payout that'd be better than "continue to watch the Steam Store print money, beholden to no one because Valve is a privately-held company held by you"?

Sure. It's just a middleman storefront, and there are trillionaire tech companies right now (and more in the future). Maybe Gabe leverages Valve and jumps to a whole other industry when he tires of games. Maybe he just sells it all off and turns that into assets to will off (better than giving family a company they can't manage).

Nothing is certain and much larger internet darlings have been turned agaisnt faster.

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revolvingocelot4y ago

>I mean, thats many of the comments about this news, despite Epic/Tencent historally ringing true to their words.

I can't meaningfully reply to this because I don't understand your misspelled malapropism (words ring true, not their speakers). You seem to be suggesting that Epic/Tencent tell the truth, which historically I see isn't true (Linux support, Rocket League, etc), so I must be misunderstanding you.

>It's just a middleman storefront, and there are trillionaire tech companies right now

I think you misunderstand Valve, which is currently in the process of releasing a revolutionary console/handheld PC, and its profit margins, which might be healthier than you anticipate.

>Maybe Gabe leverages Valve and jumps to a whole other industry when he tires of games. Maybe he just sells it all off and turns that into assets to will off (better than giving family a company they can't manage). Nothing is certain and much larger internet darlings have been turned agaisnt faster

Moreover, I think you misunderstand Newell himself. Steam Machines, Proton itself, and now the Steam Deck suggest a dedication to pro-consumer practices generally and videogames specifically that don't really map well to the typical bloodless VC calculus that you're trying to understand this situation with.