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TimSweeneyEpic's profile
Tim Sweeney
Tim Sweeney
Tim Sweeney
@TimSweeneyEpic

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Tim Sweeney

@TimSweeneyEpic

Epic Games founder & CEO

epicgames.com
Joined August 2013

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    1. Andlu‏ @4Andlu Mar 4
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      Replying to @AubreySerr @Miraglyth and

      the thing is: CAN they match epic's revenue? epic barely has any cost of maintaining the store due to the abysmal amount of features that actually cost money, like gift cards / forums / eating extra tax from all payment methods. For a fact I know steam's revenue could be -

      2 replies 0 retweets 9 likes
    2. Tim Sweeney‏ @TimSweeneyEpic Mar 4
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      Replying to @4Andlu @AubreySerr and

      Gift cards mean giving retailers 15%+, putting yet another middleman between developers and consumers. Valve and Epic handle tax exactly the same. Other features don’t add signfiicantly to operating costs - you build it once and have it forever.

      4 replies 0 retweets 6 likes
    3. Muhammad Fauzan‏ @ahlipedang Mar 4
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      Replying to @TimSweeneyEpic @4Andlu and

      Exactly! This is steam wallet price from biggest online retailer in Indonesia. The amount we have to pay is more than what we get. Now who absorb that cost with 30% tax again?pic.twitter.com/yzHU6TF56U

      3 replies 0 retweets 2 likes
    4. Andlu‏ @4Andlu Mar 4
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      Replying to @ahlipedang @TimSweeneyEpic and

      I get a 5% discount on my physical retailer, all paid by valve. But noooo, your indonesian store is the only one that matters

      2 replies 0 retweets 15 likes
    5. Mike‏ @Miraglyth Mar 4
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      Replying to @4Andlu @ahlipedang and

      Let's not engage in territorial-ism, if that's a term? There's no real benefit to saying other people's regions don't matter. It'd make more sense to work out if they are misdirecting blame onto Steam for something not caused by them.

      1 reply 0 retweets 2 likes
    6. Andlu‏ @4Andlu Mar 4
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      Replying to @Miraglyth @ahlipedang and

      every physical retailer, everywhere, no matter the region, will sell you steam gift cards for the actual price, even at a discount sometimes, like mine. That would not be possible without steam covering the costs,something epic would probably not do

      2 replies 0 retweets 10 likes
    7. Mike‏ @Miraglyth Mar 4
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      Replying to @4Andlu @ahlipedang and

      I have no idea the economics of this. I can only imagine that digital gift cards are sold at a slight loss as standard to attract customers who primarily use bricks and mortar stores. Otherwise why would stores bother stocking them for zero profit?

      2 replies 0 retweets 3 likes
    8. Mortiel‏ @Mortiel Mar 4
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      Replying to @Miraglyth @4Andlu and

      Steam cards are a loss leader for Valve. They eat the costs from them in order to get users into the ecosystem in the hope they buy from the Steam Store directly later. Same as Steam keys. And same as EGS free games, for that matter.

      1 reply 0 retweets 11 likes
    9. Tim Sweeney‏ @TimSweeneyEpic Mar 4
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      Replying to @Mortiel @Miraglyth and

      They’re not a loss leader. Retailers and distributors generally are taking a 15% cut of card revenue, which comes out of Valve’s 30% cut. There’s plenty of profit left over there.

      4 replies 0 retweets 6 likes
    10. Mortiel‏ @Mortiel Mar 4
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      Replying to @TimSweeneyEpic @Miraglyth and

      Tim, when you say "profit", I think you mean "revenue". Profits are calculated after *all* costs are taken, not just a single source. Don't start this nonsense again. Valve takes a loss on Steam cards and Steam keys, they compensate with revenue from the regular Steam Store.

      2 replies 0 retweets 20 likes
      Tim Sweeney‏ @TimSweeneyEpic Mar 4
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      Replying to @Mortiel @Miraglyth and

      Steam takes 30% of most transactions. For purchases that use a retail card, the retailers and distributors take 15%. That leaves Steam with 15%, which far exceeds the operating cost of the service. Hence the service still makes a profit and is not a loss leader.

      10:49 AM - 4 Mar 2020
      • 11 Likes
      • Aden | Jester 𝓙𝓸𝓷𝓪𝓼 𝓑𝓮𝓷𝓳𝓪𝓶𝓲𝓷 90one80 michael .𝕖𝕒𝕣𝕥𝕙 🌎 TheSmalHobbit Complete Bipartite Graph K3,3 RexSonic Keith
      5 replies 0 retweets 11 likes
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        2. Mortiel‏ @Mortiel Mar 4
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          Replying to @TimSweeneyEpic @Miraglyth and

          Could you detail what exactly are VALVE's costs per transaction? Not Epic's; Valve's. Please, it would very much help in proving your point here and educating me.

          2 replies 0 retweets 38 likes
        3. Tim Sweeney‏ @TimSweeneyEpic Mar 4
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          Replying to @Mortiel @Miraglyth and

          No.

          8 replies 0 retweets 10 likes
        4. 6 more replies

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