Epic Games CEO Tim Sweeney Dunks On Gabe Newell Raising Steam Deck Prices While Flaunting $500 Million Super Yacht
Epic Games CEO Tim Sweeney criticized Valve's Gabe Newell for raising Steam Deck prices while showcasing his $500 million yacht. Sweeney's remarks were met with backlash, as he recently laid off 1,000 employees at Epic Games. The situation highlights the tensions between competing gaming companies and their leadership decisions.
- ▪Valve announced a significant price increase for Steam Deck devices due to rising component costs.
- ▪Tim Sweeney took the opportunity to criticize Gabe Newell's lavish lifestyle amid the price hikes.
- ▪Sweeney faced criticism for his own recent layoffs at Epic Games, where he let go of 1,000 employees.
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Epic Games CEO Tim Sweeney Dunks On Gabe Newell Raising Steam Deck Prices While Flaunting $500 Million Super Yacht Then people turned around and dunked on Sweeney for laying off 1,000 employees FortniteGabe NewellSteam MachineTim SweeneyValveYacht By Ethan Gach Published May 29, 2026 | Comments (0) | 𝕏 Copied! Valve Valve, a very lean, very profitable tech company estimated to make $50 million per employee, announced this week that it was raising Steam Deck prices by hundreds of dollars. Some of the most affordable, bang-for-your-buck PC gaming devices immediately became luxury goods. Epic Games CEO Tim Sweeney, who runs a competitor to Valve’s Steam storefront, figured this would be a good opportunity to take a shot at rival CEO Gabe Newell.
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