The Financial Times profiles Valve, the company behind Steam, highlighting its unique flat corporate structure and impressive profit per employee. According to Ampere, Steam reached 170 million monthly active users (MAUs) in May, a significant increase from 153 million a year prior. The article delves into Valve's unconventional approach to management and its success in the gaming industry, characterizing it as a "black hole" company due to its secretive nature and immense influence.