It has more than 100 million monthly active users, in millions of communities for every game and player imaginable.
You'd play a couple of games with someone, and then you're like, 'Hey, cool, what's your Discord?'"įast-forward a few years, and Discord is at the center of the gaming universe. "So when I played Overwatch, I started my first community … to play games with anyone on the internet. "I don't have a lot of IRL friends that play games," one Discord user, who goes by Mikeyy on the platform, told me. Its tagline was not subtle: "It's time to ditch Skype and TeamSpeak." It had text chat, which was cool, but mostly it did voice chat better than anybody else.Įarly users set up private servers for their friends to play together, and a few enterprising ones set up public ones, looking for new gamer buds. As luck would have it, in early 2015, a new tool called Discord showed up on the market. Their gaming friends were their real friends. They wanted to talk to their gaming friends even when they weren't in a game, and they wanted to talk about things other than games. They mostly hated TeamSpeak and Skype, but they were really the only options.Įventually, a lot of those gamers realized something. They liked playing video games, and liked playing with their friends, so they used TeamSpeak or Skype to talk to their friends in-game. The family lost control of BES after the capital increase.Most longtime Discord users have a similar origin story. In his letter, Salgado acknowledged that the recent 1 billion euro capital increase and changes in BES control led “to a significant loss of influence in its management” by the Espirito Santo family, even though he and other family members will stay on the consultative Strategic Council. Local media have said tensions within the family have also led the central bank to insist on removing the Espirito Santos from BES executive management. It remains to be seen whether it will be enough to reestablish confidence,” said Vanda Mesquita, an analyst at Millennium Investment Bank.Įarlier, sources familiar with the matter had said the Bank of Portugal had pushed for Salgado’s resignation. “This (management) solution appears very similar to what the current CEO advocates. The share sale deprived the family of control of BES. BES warned of the issue last month in a share offering prospectus. “There is still uncertainty as the general assembly is more than a month away and due to the fact that the Bank of Portugal also has to confirm the plan,” says Albino Oliveira, an analyst at Fincor.īES has been under intense scrutiny by the central bank, particularly after an audit discovered financial irregularities at a holding company that owns a stake in BES. Still, Salgado, who said he decided to resign as he was turning 70 “to pass the torch of executive leadership” at BES, expected no snags in moving on to a new governance at BES. Ricciardi said in an email he will remain the CEO of BES Investimento, an investment bank, which he wants to make an independent entity by finding a partner and increasing its capital. (but) an alternative project has prevailed of which I was not called to take part, so my participation in the social bodies of the group’s companies is not justified.” “For over a year I have been defending structural modifications of governance at the Upper Council of the Espirito Santo Group. That means he will not be represented as planned on a new consultative council for BES, which is part of the new governance scheme presented by the bank’s main shareholder that still has to be approved by shareholders and the central bank. Adding to the uncertainty, Salgado’s cousin Jose Maria Ricciardi, who had previously challenged Salgado’s command of the bank and the Espirito Santo Group owned by the family, said late on Monday he would not be part of the group’s social bodies after the family had turned down his own governance project.
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