this post was submitted on 11 Jul 2026
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As Xbox and PlayStation flounder, Steam is reportedly having another record year (www.eurogamer.net)
submitted 12 hours ago by Rheinish@lemmy.world to c/games@lemmy.world
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[–] Taldan@lemmy.world 18 points 6 hours ago (2 children)

Valve has fundamentally different goals from Microsoft and Sony

Microsoft and Sony want to increase profit a couple percentage for the next quarter

Valve wants to be profitable 10, 20, 30 years into the future

Thing is, they have been doing this for over a decade. Publicly traded companies can't compete long-term, if there's a well funded provate competitor

[–] BlaestEgnen@feddit.dk 7 points 4 hours ago (1 children)

Thing is, they have been doing this for over a decade. Publicly traded companies can't compete long-term, if there's a well funded provate competitor

Of course they can, they can use the same aim. Problem is it's more profitable to grind a company down, let it bankrupt and do the same to the next company. Hence enshittification arrived, venture capital has a full playbook for dismantling companies from the inside.

There's still a few old bastions wanting stability, Coca Cola Group is the most obvious example of this

[–] applebusch@lemmy.blahaj.zone 5 points 4 hours ago

its not actually more profitable though. its only more profitable today, at the expense of future profits. this is more a problem caused by personal gain being directly linked to short term corporate gain. its only rational behavior from the perspective of the individual executives benefitting from the crazy compensation packages for laying everyone off and enshittifying the product. literally everyone else loses unless they get lucky and bail at just the right moment.

[–] doublah@sopuli.xyz 6 points 5 hours ago (1 children)

Publicly traded companies can't compete long-term, if there's a well funded private competitor

That's why these companies love the idea of purchasing half the industry or using their resources to operate at a loss and squeeze out private competitors.

If they can't compete, they can consolidate.

[–] FoxtrotDeltaTango@sh.itjust.works 3 points 2 hours ago

Then trust busting needs to happen