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Can anyone overthrow Steam on PC? "As long as Valve is independent and not a publicly traded company," analyst says it looks impossible (www.gamesradar.com)

submitted 1 week ago by alessandro@lemmy.ca to c/pcgaming@lemmy.ca

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[–] NotMyOldRedditName@lemmy.world 4 points 1 week ago* (2 children)

There are limits on shareholders in private companies.

https://www.investopedia.com/terms/5/500-shareholder-threshold.asp

Looks like the number is 2000, but that excludes employees. It used to be 500.

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[–] NGram@piefed.ca 4 points 1 week ago* (1 child)

That's only a (USA) reporting limit. A private company can still have more than 2000 shareholders, but it must then publicly report its finances like a public company would.

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[–] NotMyOldRedditName@lemmy.world 1 point 1 week ago

Fair... but why would any private company do that without going public? Do any?

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