Gabe has 6 yachts worth about $1 billion dollars. Not very cool at all, imho.
He didn’t kill anyone by denying them insurance or anything like that tho. Just took a commission on every game sold on Steam, a platform nobody’s forced to use.
And by running a casino that rakes in millions of dollars off kids. I can appreciate the positives he’s done with Steam, but I’m not about to ignore the negatives.
Yeah, he’s getting kids to play at a virtual casino that has absolutely no chance of returning and financial winnings, but he’s not taking millions of dollars off of kids. Considering those kids have the ability to own a gaming computer, I’m assuming the vast majority of that money comes from their parents. I don’t condone the kids gambling, but he’s not taking hard-earned money from kids that are in need and leaving them broke.
Can you explain? What cassino? Is it like a game with micro transactions or something?
Being a bit greedy =/= Killing millions of people through death panels
Huge difference
Nobody becomes a billionaire by being “a bit greedy”
One billion dollars is an insane amount of money.
Reminder, 1 billion dollars is:
- 1,000 millions
- 1 million thousands
- At the highest minimum wage in the world (Denmark @ USD$44,252/year), it would take just under 22,598 years to earn (11.2 Jesuses-ago)
- If a Dane earning min wage were to work 24 hrs/day non-stop, it would take them just under 4,977 years to earn (2.46 Jesuses-ago).
Billionaires have all that money even after their expenses. It’s their “savings account”, but their savings account makes much more interest than ours because they are actually invested in the market. If they need money beyond their regular pay, they use their investments as collateral for loans with interest rates lower than investment returns. They’re making money even if they are spending it.
Isn’t the Steam business model to charge less than everyone else though?
That seems like the exact opposite of greedy.
30%, same as apple, gog and… Well epic takes less then 15, microsoft takes even less, itch also takes less (unclear to me if 10% or set your own).
Anyway steam is only good for game makers because it is steam. Financially that is, because it is the biggest.
Edit: Itch default is 10%, but you can set it to 0% or even up to 100% if you want.
Im a huge steam fan.
I am not a fan of someone who can own multiple yachts.
Sorry GabeN.