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Joined 5 days ago
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Cake day: November 10th, 2025

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  • It is nitpicking, but in legal terms you could say he has shares in the company but not stocks. Stocks refers specifically to publicly traded shares, that is to say shares sold on a stock market. Shares is the more broad term as it can refer not only to stocks but also private equity units of various types. Valve is a Limited Liability Corporation, or LLC, which have Membership Units as the type of shares held by owners, which differs from stocks both in terms of tax treatment and limitations on how they can be transacted.











  • I remain convinced they have held back budget on AI because they are waiting for the bubble to burst so they can buy one of the bigger developers like Anthropic. Why burn a bunch of cash now just to loose the race when at the end of the day Open Source options might come out competitive or one of the leaders in the space can be bought out once valuations hit a reality check?