Steam Rises from Xbox's Grave

Fan The Deck November 24, 2025
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Twenty years ago, Microsoft dominated PC gaming. They invented DirectX, controlled the platform, and owned the future. Then they walked away—chasing consoles and subscriptions. Now, Valve is building what Xbox abandoned: the Steam Machine. This is the story of how the company that created modern PC gaming lost it all, and how Valve picked up the pieces. 00:00 Building an Empire 02:44 Flirting with Consoles 04:18 Launching Xbox 05:54 Xbox 360 08:05 Microsoft can never go home again 10:37 Xbox's Identity Crisis 12:48 Valve steps in 15:56 Is Xbox truly open?

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