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i think nothing will happen SteamValve will just continue as before without much change.
There might be provisions in place to enable those people to take over. I don't know how exactly this would work, but limitations on ownership transfers are common in other areas, so I don't see why it shouldn't be possible for companies as well.
Proof of him being a wizard and ascending to Gandalf the White level: https://www.youtube.com/watch?v=tVu-96J6_I0
Aside from jokes and the fact that the dude is majestic with that beard and hair, i hope if changes will come for steam i hope they are for the best, also it's kinda strange to think about Steam without Gaben Newell, as much as it would be to think about Nintendo without Miyamoto or the Zelda creator i guess.
Also: https://www.youtube.com/watch?v=rP2MDtWu5t0
Of course it'll still be here.
As a high spirit, he'll naturally be imbued with poltergeist powers and will be free to haunt the women's showers :-)
Then that ♥♥♥♥♥♥ will try to add a bunch of anti-consumer ♥♥♥♥♥♥♥♥ to Steam, like ads for various soda and chip brands, probably some car companies too.
And he’ll probably make Steam a subscription based service, so anyone that wants to retain access to their Steam library will have to pay a monthly fee.
After that, they’ll probably add a premium subscription service, which initially gives you freedom from ads and some “free” games, but ten years later it will also have ads and no free games, but the normal subscription will now have twice the ads, and an arbitrarily throttled download speed of 6 mbps.
And then they’ll add some sort of “deluxe” service, that adds some dumb crap nobody asked for, but you have to pay for it in order to buy a premium subscription, essentially requiring you to pay a subscription fee, in order to pay another subscription fee.
And it’ll just keep going downhill from there.
Unlikely, but if the Yellowstone super volcano goes off at around the same time that the Sun emits its next scheduled coronal mass ejection, and both of these things occur at around the time of the predicted collapse of Earth’s biodiversity, well...
Let’s just say, subscription fees will be the least of our concerns.