this post was submitted on 17 Aug 2023
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Linux is a family of open source Unix-like operating systems based on the Linux kernel, an operating system kernel first released on September 17, 1991 by Linus Torvalds. Linux is typically packaged in a Linux distribution (or distro for short).
Distributions include the Linux kernel and supporting system software and libraries, many of which are provided by the GNU Project. Many Linux distributions use the word "Linux" in their name, but the Free Software Foundation uses the name GNU/Linux to emphasize the importance of GNU software, causing some controversy.
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If they're public, they have huge pressure. If not, they can play their own game with a specific strategy that a shareholder might not like. So this could well be a good thing. Public trading usually leads to enshitification.
If they own 79%, Marcel can already make it do what they want.
But you are still obligated to always act in the best interest of the shareholders. Private means you don't answer to anyone outside the company and are not forced to do everything to pump the stock price every quarter.
For all practical purposes Marcel was the only shareholder anyway.
That being the reason why valve are able to produce quality over quantity
Used to think the same about LTT though