One person being the majority shareholder doesn't stop people from worrying, though. Epic is majority owned by its founder like Valve is, but everybody still points to the minority investors and says, "What about their influence?"

In any case, my point is more that just being private isn't some kinda of magic bullet to forever avoiding outside influence. It's possible that, eventually, the other 49% not controlled by Gabe have sold out to Tencent and they're in the same position as a lot of other companies with outside investors holding just under the majority.