I think the underpaying would be not having nearly as many employees as similar sized companies. They could have several divisions producing games while also developing their hardware and software. He has been happy to make changes at a slower pace while their store keeps taking large cuts of each sale.

that moment when the One Good Billionaire casually orders a boat that costs several times more money than most of us will ever see in our lifetimes i get that there's worse out there but i'm tired of people acting like newell is a saint... he's just another billionaire.

People need to remember a lot of the pro-consumer things that Valve has ever done were things they were forced to by regulation. Like being able to return games? That was to comply with an Australian law, and it was just *easier* to implement it for everyone than just do it for Australia specifically.

I've been told over and over again that Valve *needs* that 30% and they can't possibly do all that they do with a lower margin. Clearly hosting some files, hosting a forum, processing payments, etc is about ONE THIRD of all the talent and effort that goes into creating a game.

In general, I think being decent to customers is a business strategy, because the barrier to entry for a Steam competitor is nearly non-existent, and there's always piracy. Still, capitalism working the way it's "supposed to" is still capitalism.

Fuck billionaires, him included. A personal submarine bay is just baller as fuck, though.

that moment when the One Good Billionaire casually orders a boat that costs several times more money than most of us will ever see in our lifetimes i get that there's worse out there but i'm tired of people acting like newell is a saint... he's just another billionaire.

This is that research vessel he talked about a while back. >Leviathan has also been designed with scientific work in mind: Newell's interests now include Starfish Neuroscience, a company focused on neural interfaces (popularly known as "brain chips"), and Inkfish, a marine research operation. Part of this is a "convention-defying layout" that apparently brings teams together, which makes me think about all the times I've read about desks with wheels at Valve.

People need to remember a lot of the pro-consumer things that Valve has ever done were things they were forced to by regulation. Like being able to return games? That was to comply with an Australian law, and it was just *easier* to implement it for everyone than just do it for Australia specifically.

Refreshing to hear this take. Valve and Gabe get glazed so hard when at the end of the day it's about the bottom dollar for them too. Honestly I think people love them so much because everyone else has been horrible by comparison.

We are so used to billionaires being obnoxious assholes that one that isn't obnoxious about their billions feels like one of the good ones, I guess. He made his money (like any other billionaire) by overcharging and underpaying. He wastes his money on useless bullshit like any other billionaire. But he's not obnoxious about it, which causes people to just ignore the part about billionaires that's actually bad (the way they became billionaires).

I think the line to never have to work again is pretty far under $100mil

I don't think anyone thinks he's a saint, despite the memes. Except if you compare him to the fucking sleazeballs at companies like Epic, Rockstar, Sony, Nintendo, Microsoft, Ubisoft, EA, Blizzard, etc. etc., not to mention every other publicly traded corporation, he kind of his. Again, **by comparison**. He single-handedly improves the entire industry. He could very well have developed a locked down Steam OS that won't do anything but play games but he instead invested in an open source platform that sorely needed it, and makes the world a better place. Steam doesn't have to put up big banners for Denuvo or AI or games that require a remote account but they do, purely for the benefit of the users.

If you made people's nostalgia, they will defend you. Nintendo has defenders. Disney has defenders. Blizzard has defenders. And so on. People will defend a company for free because they did something cool ~20 years ago.

Refreshing to hear this take. Valve and Gabe get glazed so hard when at the end of the day it's about the bottom dollar for them too. Honestly I think people love them so much because everyone else has been horrible by comparison.

Lol yep they're an extremely wealthy company with that 30%. But it seems like almost every other storefront operates under those margins for digital sales (not just in gaming). I do value the cloud saves, I think those would actually add up a bit for their storage requirements as well as hosting all of the game files in presumably many locations globally. 15%, they'd still be a multibillion dollar company

Funny, I was just reading about this sort of thing in "How to blow up a pipeline". It's the sort of argument that seems obvious in retrospect. When someone in the global south uses a coal stove to cook their food, they're doing it by necessity. When a billionaire sails out on a mega yacht, it's pure excess. Yeah, banning them won't make the difference between 1.5C and 2.0C of global warming, but it's low hanging fruit. We can also ban private jets, and the only significant impact to the economy would be that some billionaires have to travel around in first class like some kind of lowly multimillionaire or upgraded plebian. It does not matter if you think Valve makes good products or not.

People love them because they still offer good products and services, some of them completely for free. I think it's perfectly valid to recognize and appreciate the good, even when there's also bad.