Depends on the private holder. Look in example to Valve (Steam), who are a private company and do well and good for themselves, the gaming industry and their fans (relative speaking for the most part).
But a super rich Saudi Arabia people and Kushner, Affinity Partners’ CEO and the son-in-law of President Trump connection, I don’t know man. BTW its not just one owner, as I understand. The difference to stockholders is, that a few people who don’t understand videogames have direct power and control over the company, while stockholders are many little.
JillyB@beehaw.org 4 weeks ago
Co-op/freelance > small business > large single-owner business > publicly traded business > private equity business.
The hordes of faceless shareholders is mostly regular people’s retirement accounts. It’s still a net-negative for society, but now it’s not even helping someone retire comfortably. With Saudi Arabia involved, that means it’s also going to be laundering the image of a monarchy.
A few years ago everyone was talking about how crown prince Bin Salman ordered the brutal execution and dismemberment of a journalist. Now the E-sports world cup is in Riyadh.