Valve makes ridiculous amounts of money, has no board, Gabe Newell can do whatever he wants with the company. I think he's really taken a retired seat. Steam's social platform is lacking, the technology behind it all is old (Just look a the steam API), and they aren't investing into anything. Even customer support is majorly lacking. The second Amazon starts selling games, its game over. They can advertise their client and services through twitch, and connect games and players back to twitch and the Curse client. Thats the triangle of doom to competitors, where you control the product, the platform and the community. They have it all in the bag, and it was so blindingly obvious.