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Ubisoft announces studio closure as it lays off 185 staff
(www.eurogamer.net)
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this post was submitted on 27 Jan 2025
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It's not Steam's decision to make. The statement you're referring to is just Steam highlighting a decision made by the game publishers. Even if Steam didn't highlight it, it would still exist, as you would see if you read the games' license terms before paying.
Ubisoft is a game publisher. They actually make the decision that you don't own the games you pay for.
valve is a publisher too, and they have the exact same policy for their games.
https://store.steampowered.com/subscriber_agreement
Practically all game publishers do. Sadly, it's the industry standard.
(By the way, you linked Steam's subscriber agreement, which concerns Steam's service and client software, not the games bought on Steam. Maybe you meant to link a Valve game license?)
In any case, it doesn't matter here, because the complaint was about Steam, not Valve.