this post was submitted on 26 Jan 2024
136 points (89.5% liked)

Games

16806 readers
1127 users here now

Video game news oriented community. No NanoUFO is not a bot :)

Posts.

  1. News oriented content (general reviews, previews or retrospectives allowed).
  2. Broad discussion posts (preferably not only about a specific game).
  3. No humor/memes etc..
  4. No affiliate links
  5. No advertising.
  6. No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
  7. No self promotion.
  8. No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
  9. No politics.

Comments.

  1. No personal attacks.
  2. Obey instance rules.
  3. No low effort comments(one or two words, emoji etc..)
  4. Please use spoiler tags for spoilers.

My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.

Other communities:

Beehaw.org gaming

Lemmy.ml gaming

lemmy.ca pcgaming

founded 1 year ago
MODERATORS
nanoUFO@sh.itjust.works
136
Xbox Is Not Your Friend (www.kotaku.com.au)
submitted 10 months ago by stopthatgirl7@kbin.social to c/games@sh.itjust.works
75 comments fedilink hide all child comments
 

After laying off almost 2,000 people, Xbox finds itself in a position at odds with the community-first image it has cultivated for itself.

you are viewing a single comment's thread
view the rest of the comments
[–] sugar_in_your_tea@sh.itjust.works 3 points 10 months ago* (last edited 10 months ago)

All s-corp and c-corp corporations have stock. Valve is almost certainly an s-corp, because managing an LLC with that many employees just doesn't make sense, he'd want the structure of an s-corp. Watch The difference between a private and public corporation isn't whether they have shares, it's whether those shares are traded on public stock markets. Microsoft wouldn't be able to buy shares through a brokerage, they'd need to approach the share holders individually and make an offer to buy out their stake.

That's one reason why working for shares at a startup is so risky, it's really hard to sell private shares. If the company does an IPO (Initial Public Offering of shares, as in they're making some of the private shares available for public purchase), then you can cash out big, but until then, you have mostly worthless stock. Most of the shares are either retained by the owner, or by investing groups.

Watch Shark Tank sometime, when they say X% ownership in the company, they mean share ownership. The sharks want to get the company to be bought out or go public so they can cash out, otherwise they'd probably prefer a percentage of net income.