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.
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
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.
Then trust busting needs to happen