That may be but they're sitting on their laurels more productively, in terms of revenue and profit per employee, then either Microsoft or Google or Meta.

Valve Index, Steamdeck, continual dominance of PC gaming both in long tale and new releases. I see enormous creative and financial success, and apparently an engaging and productive place to work. What deadlock? Game releases? That hasn't been their focus for a long time - yet when they do release a new game, like Halflife Alex, its usually critically lauded and commercially successful. Meanwhile much of the PC gaming space is suffering from enormous problems - early broken releases, bad ports, stutter struggle etc. Valve seem like a rare bright light of ethical business and technological innovation.