971
Why is Google allowed to remove purchases from our Play Store accounts without telling us?
(www.androidpolice.com)
this post was submitted on 11 Jan 2024
971 points (98.4% liked)
Technology
58303 readers
3 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The difference is that a hostile takeover can't happen.
Unless the founder still owns a majority of the shares, you can take control of a public company without needing the consent of the board (and CEO, founder, etc)
A hostile takeover doesn't have to happen. If Gaben decides "fuck you all" and decides to close the company, then there's not a damn thing you can do about it. It's his company and it doesn't owe you the privilege of continuing to exist.
I know it can happen, but that still makes a difference between public and private companies. That's one risk less.
Especially for Valve which is a very desirable company for their position as de facto PC games online store.