To better explain the issue, I think, usually monopoly claims come from someone dominating multiple threads or connected elements of an industry. So, they don’t just own all the wheat fields; but also some of the best grain transport companies, as well as all the best bakeries - such that anyone offering wheat, transport, or baking, can’t compete with their integration.
That’s when a company would be divided. But in this case, Valve is just one thing; it’s the bakery. They choose to bake with flour and wheat because they’ve been baking for years. Everyone else is pouring billions into trying various mixtures of sawdust to cut costs, and no one is cutting into that industry as a result. Nothing has prevented them from building their own infrastructure from scratch, except for the fact that it’s a long-term investment, and the stock market hates those.
To better explain the issue, I think, usually monopoly claims come from someone dominating multiple threads or connected elements of an industry. So, they don’t just own all the wheat fields; but also some of the best grain transport companies, as well as all the best bakeries - such that anyone offering wheat, transport, or baking, can’t compete with their integration.
That’s when a company would be divided. But in this case, Valve is just one thing; it’s the bakery. They choose to bake with flour and wheat because they’ve been baking for years. Everyone else is pouring billions into trying various mixtures of sawdust to cut costs, and no one is cutting into that industry as a result. Nothing has prevented them from building their own infrastructure from scratch, except for the fact that it’s a long-term investment, and the stock market hates those.