2 ms·
Steam is not owned by private equity. A private company is not a corporate raider.
by JetSpiegel 2y ago
Steam is not owned by private equity.
A private company is not a corporate raider.
- kbolino 2y agoPrivate equity is a type of private ownership, even if it doesn't apply to Steam. In the broader context of business dysfunction, public-vs-private ownership is not telling the full story. Corporate raiding is also just part of the picture; MBA-driven corporate mismanagement, ZIRP and LIRP, principal-agent mismatch, short-term profit maximalism, and a number of other issues are involved too.
- JetSpiegel 2y agoIndeed, I agree. A private founder-owner-CEO combination (like Steam) might be the least vulnerable organization to many of those ills, short of a cooperative (not sure it counts as private ownership).