this post was submitted on 16 Jun 2024
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[–] TopRamenBinLaden@sh.itjust.works 2 points 5 months ago* (last edited 5 months ago) (1 children)

You are most definitely right that the major shareholders aren't the workers. The major shareholders are Gabe Newell, and some bankers in Japan.

Still, it is known that Valve employees are partially compensated with stock for working in the company, so most of the employees are still shareholders. They just aren't the major ones.

[–] DragonTypeWyvern@midwest.social 5 points 5 months ago (1 children)

Sure, but that's not what makes it a private company.

[–] TopRamenBinLaden@sh.itjust.works 2 points 5 months ago* (last edited 5 months ago)

Ahh I get your point now, sorry I missed it. Yea, if people think that private company = employee shareholders, they are very wrong.