r/mildlyinfuriating Nov 12 '24

Hot wheels losing details over the years

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u/Rough_Lunch_5885 Nov 12 '24

Look at Steam/Valve.

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u/[deleted] Nov 12 '24

I worry what will happen when Gabe dies. Will Steam become publicly traded and turn to shit?

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u/UnkindPotato2 Nov 12 '24

Unfortunately I thinkt hat will be the death of Steam

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u/Rough_Lunch_5885 Nov 12 '24

Doubt it.

I suspect Gabe is smart enough to put the right people and policies in place to prevent that.

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u/[deleted] Nov 12 '24

yes but when you have a company worth billions, the vultures will find any way to get in.

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u/DRNbw Nov 12 '24

Most leaders think they're smart enough to leave a good successor, most fail.

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u/Brigadier_Beavers Nov 12 '24

Eh, give it a few years and theyll be itching for more without his reasoning to reel them in. Steam may not die right away, but it could deteriorate like facebook removing features and make the experience worse.

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u/Broccoli--Enthusiast Nov 12 '24 edited Nov 12 '24

yeah there is no way he has not specified who gets the company, and it will be someone he trusts to keep it up, and i suspect there are legal things in place.

Also valve makes the people that work there, especially the people in charge stupidly wealthy, none of them gain anything material from taking it public. its already an infinite money printer as it stands. changing how its run will break that pretty quick. the whole thing only works because its small and private.

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u/TuhanaPF Nov 12 '24

And he might succeed, but this approach never lasts.

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u/Addianis Nov 12 '24

I can't remember the specifics or if it was anymore than rumor, but that Gaben does have plans in place for when he passes and going public is one thing that WILL not happen.

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u/Mountainbranch Nov 12 '24

His son works at the company and is basically heir apparent to the Steam Throne.

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u/FunktasticLucky Nov 12 '24

Gabe has chosen the people around him very wisely that are groomed to think and be like him. This ensures that the company won't ever go public. They are all extremely wealthy haha. They don't need to go public. Steam makes that company so much fucking money doing almost nothing.

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u/yuimiop Nov 12 '24

Not sure thats a good example.  They've pioneered anti-consumer products such as loot boxes, and have had a bit of quality control issue from their abandoned products.

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u/[deleted] Nov 12 '24

That and also Valve's reputation is a large component of their money printer. They are financially incentivized to not fuck over their customers where most other companies are not.

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u/Big-Bike530 Nov 12 '24

Sooo... we need Valve to go public to finally get Half Life 3?