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I don't think Steam is even close to the platform it claims to be.
Everything from player count to skin prices is heavily manipulated.
Facinating bro!!
https://www.kitguru.net/gaming/matthew-wilson/court-documents-reveal-steam-profit-margins-and-valve-employee-counts/
"Valve is an oddity in the gaming market. It is a privately owned and operated company, so it doesn't publicly reveal its financials, nor does it take on outside investments."
"The documents also revealed Steam's profit margins between 2009 and 2021, showing that at its peak, Valve had Steam operating with an 80% gross margin. In 2021, that number had dipped to around 75%, and Valve's operating margins for Steam also tend to hover around the 50% mark. This confirms something we've all known for years – Valve makes a lot of money."
They basically have relatively very little number of employees but make a sht load of money, even if it is over estimated or overvalued.
What kind of profit would you expect a "random store" to have, given these facts:
- this store is available almost in all countries
- whatever you buy, you can use anytime and anywhere you are
- it has over 1 billion users overall
- it has, on average, about 30 million shoppers inside the store at all times
- almost anyone can sell their own products inside Valve store, and they collect a %%percentage
- it has a lot of free items, which attract new customers all the time
So, now, does it feel so crazy to see the 7-8 billion profit margin?
Exactly.....If you have so much money, you can easily upgrade servers and update the game to proper standards. Thats why I refuse to pay a cent on CS2 content or services.
Pretty easy to understand when you're comparing financials from different years. Also Counter-strike is not the biggest online shooter in human history. PUBG, Fortnite, Call of Duty are bigger. Majority of Counter-strikes revenue/profits are from straight up gambling and running an unregulated casino.
Elon is too busy looking at buying MSNBC or CNN right now. Gabe won't sell and Elon could use his time better anywhere else.