Both Valve and Epic are private companies. I still trust Valve over Epic, but I think technically Tim Sweeney has pretty much full control over Epic as well (for better or for worse).
Both Valve and Epic are private companies. I still trust Valve over Epic, but I think technically Tim Sweeney has pretty much full control over Epic as well (for better or for worse).
mosiacmango@lemm.ee 1 year ago
He does, but not the stake Gaben has. Sweeny sold 40% to tencent. This still gives him control, but thats a very large shareholder that can push and pull when they want.
brawleryukon@lemmy.world 1 year ago
They can’t “push and pull” anything. With Sweeney owning 50%+1, Tencent and anyone else he sold shares to can literally do nothing - he will always have the final say. And since the company is private, there’s almost certainly an agreement/contract in place on those share purchases that if someone wants to dump them they have to offer them back to him/the company first. Since it’s not a public company they can’t just go sell their shares on an open market. The threat of a large shareholder is gone in a case like this - they can’t stage a hostile takeover and they can’t dump and run.
bighi@lemmy.world 1 year ago
You’re thinking of technically taking the decisions in the company. But shareholders can do much more. Like influencing the value of stocks by selling too many at once.
brawleryukon@lemmy.world 1 year ago
Tell me you didn’t actually read my comment without telling me you didn’t read my comment.
stevehobbes@lemmy.world 1 year ago
You’re also assuming there are no other shareholders…………
Zetta@mander.xyz 1 year ago
Another point for me at least, I actually put in effort to not getting made in China products where feasible. The same thing applies here, supporting epic is supporting China. I really just prefer not to support China, so no epic games for me.
Chobbes@lemmy.world 1 year ago
Ah that’s a fair point. I haven’t paid too much attention to this. Thanks for providing some more context :).