this post was submitted on 14 Mar 2024
774 points (98.1% liked)
PC Gaming
8635 readers
286 users here now
For PC gaming news and discussion. PCGamingWiki
Rules:
- Be Respectful.
- No Spam or Porn.
- No Advertising.
- No Memes.
- No Tech Support.
- No questions about buying/building computers.
- No game suggestions, friend requests, surveys, or begging.
- No Let's Plays, streams, highlight reels/montages, random videos or shorts.
- No off-topic posts/comments, within reason.
- Use the original source, no clickbait titles, no duplicates. (Submissions should be from the original source if possible, unless from paywalled or non-english sources. If the title is clickbait or lacks context you may lightly edit the title.)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And that for being a non-public company.
Non public should be more efficient from the labor cost savings of not having to file all the sec documents quarterly and legal costs of following public company regulations.
Not to mention that an obsession with increasing share price is massively distracting and self-defeating.
Public companies focus on short term profit to keep share holders happy. Private companies can actually focus on long term profit, especially if it's at the expense of some short term profit.
Or they can choose not to focus on profit at all. Probably most people with an ownership stake in Valve are fabulously rich now. Maybe they just want to focus on interesting R&D now.
Theoretically there's a benefit to a publicly traded company that since a lot of your financials are visible to everyone and people get to "vote" by buying and selling shares, there's a sense in which you can get feedback on how well you're running the company that you don't get when it's private. But, as Reddit's "wall street bets" and "superstonk" subreddits show, a lot of investors are morons.
This isn't totally true. Private companies can still have shareholders that demand info. Their aren't the same level of regulations, but it's not nothing.