this post was submitted on 12 Nov 2025
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I think so too, but they are a fairly small company/group with a stable (50+%) owner & basically don't bother with much (neither publisher or consumer side). Eg GOG is smaller but fights DRM a lot more actively (and achieving DRM-free deals even before Steam).
I hope before Gabe goes Gaben't he makes Valve a proper nonprofit - bcs the service they offer is like a mass infrastructure thing (which are always scary).
As to why devs think they have a monopoly - it's hard to succeeded without Steam, especially if you arent a AAA studio (and even a small mistake on Steam part for their game's visibility on Steam Store can cost them everything), and Steam isn't really fighting over devs to offer them a better deal than the competition, it's the other way around (it's clear who has the power).
So yes, they have quite a fair bit of monopoly.
Modern, especially tech, monopolies aren't a single-provider-locked-in type of thing, look at Google, they hold a monopoly over so many markets without those prerequisites. And they fought, shaped the markets intentionally to eventually get to that position (that's why they were valued that high even before the revenue kicked in).