Emmanuel Rosier, director of market intelligence at research and analyst firm Newzoo told GamesRadar+ that "As long as Valve is independent and not a publicly traded company," it looks impossible for Steam to be overthrown as the de-facto PC gaming marketplace.

Yeah, no shit! As long as they're not beholden to shareholders that need them to enshitify their platform as much as humanly possible before the users can't stand it anymore and leave in droves... It's just impossible to compete with them!

Who would have thought!