#luxury spending

Epic Games CEO Criticizes Valve Over Steam Deck Price Hike Amidst Luxury Spending

Epic Games CEO Tim Sweeney criticized Valve for raising Steam Deck prices by hundreds of dollars, citing economic disruptions, while drawing attention to Gabe Newell's $500 million luxury yacht, the Leviathan. The move sparked criticism towards both companies, highlighting the juxtaposition of price increases with luxury spending and Epic's recent layoffs. The controversy underscores the challenges faced by gaming hardware manufacturers amidst component shortages.