Oh, I'm fully aware it sucks, just not sure why that person is defending it
I've literally never seen any person argue that forced arbitration is a good thing for consumers...
It's always corporations
It’s usually a pretty hard sell of “make the company you work at shittier to make more money”, especially since most of the employees probably know gabe personally (valve has less than 400 employees) and likely approve of his leadership.
And most of the ones with the high percent have been there since the beginning, probably close to Gabe's age, looking towards retirement. They make good money, but retirement is expensive.
I mean. That link from this year said Microsoft was thinking 16 billion. 1% of that is 160 million.
Or they may die and their kids see dollar signs when a vote comes up
Steam is great now, it's not debatable. But its naive to expect it indefinitely. 10 years, 20 years from now? It wouldn't be surprising if Valve was a lot shittier than it is today
It won't last forever
Usually it's forced arbitration, you can't sue
It really favors the company. Steam is explicitly saying no arbitration which levels the playing field.
Arbitration doesn't save money. You still need lawyers.
What's bigger is this explicitly says it allows class actions. Something that most prevent and require individual arbitration, consumers are better off when they can pool resources for lawyers against a giant corporation, especially since most would require an upfront payment for a large class action.
Not sure, apparently the 25% figure is really new, Wikipedia is sourcing something from 2017 that says he has 50+.
This is the most up to date I can find that attributes a source
https://www.guru3d.com/story/microsoft-reportedly-readies-billion-bid-to-acquire-valve-steam/
Insights from Dior, a prominent figure in the Counter-Strike community, reveal that Gabe Newell owns less than 25% of Valve. This suggests that a significant portion of Newell's wealth is tied to his equity in the company. The decision to sell Valve wouldn’t rest solely with Newell; numerous employees who likely hold stock options could also have a say through a voting process if an offer were made.
So it sounds like a lot was given to employees from the beginning, which track with Gabe.
Then he may have cashed out a couple times, but I doubt that when he could just do the billionaire thing where he borrows against his stock counting on the value increasing enough to pay off the last with a new?
But then again Gabe is different and might not do that out of principle.
It's not publicly traded, so I guess we don't really know unless Valve discloses who owns what. Which I just realized is pretty concerning on its own.
Yeah, but Gabe is down to 25% ownership.
He could be pushed out at anytime. It's this weird situation where if a serious challenger to Steam really takes off, the 75% may demand Steam gets shittier to make more money.
But Gabe won't last forever anyways, who knows what will happen without him. Which means people do want some kind of challenger to prevent a monopoly, but that just makes the other scenario more likely
Steam is already a huge outlier
We could be at the end of Bernie's second term right now if Hillary hadn't staged a hostile takeover of the DNC during the primary.
trump would have been nothing more than a dated joke from TV reruns, Covid would have been handled appropriately, pretty much everyone would be measurably better off.
Dont forget what the moderate branch stole from us, they're still the ones running shit. That's not just an expression, literally the same people from back then are still running the DNC and in the current administration, they're literally still the ones running shit.
Hondurans arrested in L.A., San Fransisco, Portland, Seattle. That’s the exact definition of a “pipeline”.
No. That is kind of the definition of racism tho, assuming that they're all connected because they came from the same South American country.
You do know where Honduras is compared to Portland, right?
Yes, it's in South America ..
But it's kind of racist to say a Honduran national can only smuggle drugs from their home country.
They’re bringing the drugs up I-5 which means crossing the border.
Maybe. But for some reason you're having difficulty providing any kind of source that actually backs that up
On the third attempt, you've completely thrown Portland out of the discussion.
Only one of those mention coming thru the Southern border, and that just says they're investigating if it comes thru Mexico...
Your sources aren't backing up your claim, just that a single digit number of people from Honduras were caught with Fentanyl in Oregon.
Like. Why smuggle it to South America to smuggle to Oregon?
Why not straight to Oregon?
That link just says he fled there, not that he was smuggling from there they the Southern border...
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Some did, but the whole point of Israel was a place for European countries to send their Jewish populations.
People who even if they were also ethnically Semitic, were descended from people who voluntarily left the area generations ago.
They could have immigrated there, instead European governments just declared it was theirs now.
Like, imagine if every American with Irish heritage were granted birthright citizenship there and the people who never left are shoved down into an ever shrinking slice of land. That's what's happening