NEW @BW caper about the Microsoft engineer who stole 152,000 Xbox gift cards + was living off the proceeds in a $1.6 million home with plans to buy a ski chalet, yacht, and seaplane
https://t.co/qA805mDq3D
Yacht diss aside, it's worth remembering that the most profitable US tech company on a per-employee basis isn’t Apple or Google or even Nvidia.
Ahead of them is Valve. By some estimates, Valve employees each generate ~6x the annual profits of Apple/Google and ~1.5x Nvidia (!!)
Everyone’s being too harsh here. There has been a significant rise in the cost of components that Steam customer spending ultimately funds, and economic trends have created severe disruptions in the component parts supply chain for megayachts.
Steam only keeps a slice of those store transactions, but assuming Valve has kept small at around 350 employees, based on data from PrivCo, the $$$ math for 2025 breaks down to:
- Nearly $15 million in annual revenue per employee
- $4.3 million in annual net income per employee
New -- Valve: anticorporate hero or big tech, but small?
Gamers know Valve as a freewheeling enterprise, but previously unreported docs show controversial business practices that, critics say, restrict both gamers and game-makers. Feature w/ @AustinCarr: https://t.co/piiNrUXdah
Game developers are suing Valve for abusing the power its Steam store has over the PC games market, in litigation with echoes of antitrust suits against Apple and Google https://t.co/jsETB0FJc6
Why are Mac minis suddenly hard to find? A boom in Claude-powered AI agents has turned Apple’s smallest desktop into essential hardware https://t.co/1iGjZu7Xl7
new book from @MattCampbell coming this summer.
the evil Indiana Jones behind the Khmer artifacts that fill the world's museums. i've read it and it kicks ass.
get your pre-orders in, book him on your podcasts, put him in your celebrity book club, etc
@WillManidis@bhalligan Not agreeing/disagreeing with any of your main points, but isn't your estimate for Boston creating just ~$100bn in enterprise value in last couple decades a bit low?
The strange story of how professors from MIT, Rice and UC Irvine got tangled up in a charismatic tech CEO’s alleged Ponzi scheme https://t.co/KKQgy8wLf6
For anxious crypto investors, a growing number of firms and third parties are selling peace of mind through supplementary criminal insurance or warranties. But the fine print suggests customers have far less coverage than they think https://t.co/Lq2VNY8UgL
New @BW feature on the professors from MIT, Rice & UC Irvine who got caught up in what the SEC called an "IP-rich" Ponzi scheme.
https://t.co/rY00UYUZyi
How a crew of crypto-focused hackers moved from SIM swap attacks to coordinated, violent home invasions and kidnappings, targeting small-time crypto investors (@austincarr / Bloomberg)
https://t.co/K2CgQTq3Jx
https://t.co/2UR7KjvMtQ
📥 Send tips! https://t.co/wlNZvXuhJs
Very well researched article by @AustinCarr that covers the tactics employed by an organized crypto crime ring that started off with SIM swaps and progressed to wrench attacks.
https://t.co/ISoz2ePeOH