I am unable to launch steam anymore on my linux system. I am getting the following error:

~$ steam
Setting up Steam content in /home/pranith/.local/share/Steam
Running Steam on ubuntu 14.04 64-bit
STEAM_RUNTIME is enabled automatically
/home/pranith/.local/share/Steam/ubuntu12_32/steam: relocation error: /home/pranith/.local/share/Steam/ubuntu12_32/steam: symbol lseek, version GLIBC_2.0 not defined in file libpthread.so.0 with link time reference

~$ STEAM_DEBUG=1 steam
+ export TEXTDOMAIN=steam
+ TEXTDOMAIN=steam
+ export TEXTDOMAINDIR=/usr/share/locale
+ TEXTDOMAINDIR=/usr/share/locale
+ ARCHIVE_EXT=tar.xz
+++ dirname /home/pranith/.local/share/Steam/steam.sh
++ cd /home/pranith/.local/share/Steam
++ echo /home/pranith/.local/share/Steam
+ STEAMROOT=/home/pranith/.local/share/Steam
+ '[' -z /home/pranith/.local/share/Steam ']'
+ STEAMDATA=/home/pranith/.local/share/Steam
+ '[' -z ']'
++ basename /home/pranith/.local/share/Steam/steam.sh .sh
+ STEAMEXE=steam
+ '[' steam = steamcmd ']'
+ cd /home/pranith/.local/share/Steam
+ MINIMUM_STEAMSCRIPT_VERSION=100020
+ export SYSTEM_PATH=/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ SYSTEM_PATH=/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ export SYSTEM_LD_LIBRARY_PATH=:/home/pranith/devops/code/qsim/lib
+ SYSTEM_LD_LIBRARY_PATH=:/home/pranith/devops/code/qsim/lib
++ uname
+ UNAME=Linux
+ '[' Linux '!=' Linux ']'
++ detect_platform
++ platform=ubuntu12_32
++ case "$(detect_distro)-$(detect_release)" in
+++ detect_distro
+++ '[' -f /etc/lsb-release ']'
+++ . /etc/lsb-release
++++ DISTRIB_ID=Ubuntu
++++ DISTRIB_RELEASE=14.04
++++ DISTRIB_CODENAME=trusty
++++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
+++ echo Ubuntu
+++ tr '[A-Z]' '[a-z]'
+++ detect_release
+++ '[' -f /etc/lsb-release ']'
+++ . /etc/lsb-release
++++ DISTRIB_ID=Ubuntu
++++ DISTRIB_RELEASE=14.04
++++ DISTRIB_CODENAME=trusty
++++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
+++ echo 14.04
++ echo ubuntu12_32
+ PLATFORM=ubuntu12_32
++ echo ubuntu12_32
++ grep 32
+ PLATFORM32=ubuntu12_32
++ echo ubuntu12_32
++ grep 64
++ true
+ PLATFORM64=
+ '[' -z ubuntu12_32 ']'
+ '[' -z '' ']'
++ echo ubuntu12_32
++ sed s/32/64/
+ PLATFORM64=ubuntu12_64
+ STEAMEXEPATH=ubuntu12_32/steam
+ STEAMCONFIG=/home/pranith/.steam
+ PIDFILE=/home/pranith/.steam/steam.pid
+ STEAMBIN32LINK=/home/pranith/.steam/bin32
+ STEAMBIN64LINK=/home/pranith/.steam/bin64
+ STEAMSDK32LINK=/home/pranith/.steam/sdk32
+ STEAMSDK64LINK=/home/pranith/.steam/sdk64
+ STEAMROOTLINK=/home/pranith/.steam/root
++ detect_steamdatalink
++ '[' -f /home/pranith/.local/share/Steam/steam_dev.cfg ']'
+++ detect_package
+++ case `detect_universe` in
++++ detect_universe
++++ test -f /home/pranith/.local/share/Steam/Steam.cfg
++++ test -f /home/pranith/.local/share/Steam/steam.cfg
++++ STEAMUNIVERSE=Public
++++ echo Public
+++ STEAMPACKAGE=steam
+++ echo steam
++ STEAMDATALINK=/home/pranith/.steam/steam
++ echo /home/pranith/.steam/steam
+ STEAMDATALINK=/home/pranith/.steam/steam
+ STEAMSTARTING=/home/pranith/.steam/starting
+ : ''
+ steamos_arg
+ return 1
+ '[' '!' -f /home/pranith/.steam/steam.pid ']'
++ cat /home/pranith/.steam/steam.pid
+ kill -0 997
+ INITIAL_LAUNCH=true
+ '[' '' = --reset ']'
+ '[' true ']'
+ show_license_agreement
+ LICENSE=/home/pranith/.local/share/Steam/steam_install_agreement.txt
+ '[' '!' -f /home/pranith/.steam/steam_install_agreement.txt ']'
+ '[' -z /usr/bin/steam ']'
+ '[' -f /usr/bin/steam ']'
+ check_scriptversion /usr/bin/steam STEAMSCRIPT_VERSION 100020
+ SCRIPT=/usr/bin/steam
+ VERSION_TOKEN=STEAMSCRIPT_VERSION
+ MINIMUM_VERSION=100020
++ detect_scriptversion /usr/bin/steam STEAMSCRIPT_VERSION
+++ fgrep STEAMSCRIPT_VERSION= /usr/bin/steam
++ SCRIPT_VERSION='export STEAMSCRIPT_VERSION=100051'
++ [[ -n export STEAMSCRIPT_VERSION=100051 ]]
++ expr 'export STEAMSCRIPT_VERSION=100051' : '.*=\(.*\)'
+ VERSION=100051
+ [[ 100051 -lt 100020 ]]
+ return 0
+ STEAMSCRIPT_OUTOFDATE=0
+ '[' -z '' ']'
++ dirname /usr/bin/steam
++ detect_package
++ case `detect_universe` in
+++ detect_universe
+++ test -f /home/pranith/.local/share/Steam/Steam.cfg
+++ test -f /home/pranith/.local/share/Steam/steam.cfg
+++ STEAMUNIVERSE=Public
+++ echo Public
++ STEAMPACKAGE=steam
++ echo steam
+ STEAMDEPS=/usr/bin/steamdeps
+ '[' -f /usr/bin/steamdeps -a -f /home/pranith/.local/share/Steam/steamdeps.txt ']'
+ /usr/bin/steamdeps /home/pranith/.local/share/Steam/steamdeps.txt
+ '[' '!' -e /home/pranith/.steam ']'
+ '[' /home/pranith/.local/share/Steam '!=' /home/pranith/.steam/root -a /home/pranith/.local/share/Steam '!=' /home/pranith/.steam/steam ']'
+ rm -f /home/pranith/.steam/bin32
+ ln -s /home/pranith/.local/share/Steam/ubuntu12_32 /home/pranith/.steam/bin32
+ rm -f /home/pranith/.steam/bin64
+ ln -s /home/pranith/.local/share/Steam/ubuntu12_64 /home/pranith/.steam/bin64
+ rm -f /home/pranith/.steam/sdk32
+ ln -s /home/pranith/.local/share/Steam/linux32 /home/pranith/.steam/sdk32
+ rm -f /home/pranith/.steam/sdk64
+ ln -s /home/pranith/.local/share/Steam/linux64 /home/pranith/.steam/sdk64
+ rm -f /home/pranith/.steam/root
+ ln -s /home/pranith/.local/share/Steam /home/pranith/.steam/root
+ '[' /home/pranith/.steam/steam ']'
+ rm -f /home/pranith/.steam/steam
+ ln -s /home/pranith/.local/share/Steam /home/pranith/.steam/steam
+ rm -f /home/pranith/.steampath
+ ln -s /home/pranith/.steam/bin32/steam /home/pranith/.steampath
+ rm -f /home/pranith/.steampid
+ ln -s /home/pranith/.steam/steam.pid /home/pranith/.steampid
+ rm -f /home/pranith/.steam/bin
+ ln -s /home/pranith/.steam/bin32 /home/pranith/.steam/bin
++ distro_description
+++ detect_distro
+++ '[' -f /etc/lsb-release ']'
+++ . /etc/lsb-release
++++ DISTRIB_ID=Ubuntu
++++ DISTRIB_RELEASE=14.04
++++ DISTRIB_CODENAME=trusty
++++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
+++ echo Ubuntu
+++ tr '[A-Z]' '[a-z]'
+++ detect_release
+++ '[' -f /etc/lsb-release ']'
+++ . /etc/lsb-release
++++ DISTRIB_ID=Ubuntu
++++ DISTRIB_RELEASE=14.04
++++ DISTRIB_CODENAME=trusty
++++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
+++ echo 14.04
+++ detect_arch
+++ case $(uname -m) in
++++ uname -m
+++ echo 64-bit
++ echo 'ubuntu 14.04 64-bit'
+ echo 'Running Steam on ubuntu 14.04 64-bit'
Running Steam on ubuntu 14.04 64-bit
+ : ''
+ '[' '' = debug ']'
+ '[' '' = 1 ']'
+ '[' '' = 0 ']'
+ '[' -z '' ']'
+ runtime_supported
+ case "$(detect_distro)-$(detect_release)" in
++ detect_distro
++ '[' -f /etc/lsb-release ']'
++ . /etc/lsb-release
+++ DISTRIB_ID=Ubuntu
+++ DISTRIB_RELEASE=14.04
+++ DISTRIB_CODENAME=trusty
+++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
++ echo Ubuntu
++ tr '[A-Z]' '[a-z]'
++ detect_release
++ '[' -f /etc/lsb-release ']'
++ . /etc/lsb-release
+++ DISTRIB_ID=Ubuntu
+++ DISTRIB_RELEASE=14.04
+++ DISTRIB_CODENAME=trusty
+++ DISTRIB_DESCRIPTION='Ubuntu 14.04.3 LTS'
++ echo 14.04
+ return 0
+ echo 'STEAM_RUNTIME is enabled automatically'
STEAM_RUNTIME is enabled automatically
+ export STEAM_RUNTIME=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime
+ STEAM_RUNTIME=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime
+ '[' /home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime -a /home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime '!=' 0 ']'
+ unpack_runtime
+ has_runtime_archive
+ '[' '!' -f /home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime.tar.xz.part0 ']'
+ return 1
+ '[' -d /home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime ']'
+ return 0
+ case $(uname -m) in
++ uname -m
+ export PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/bin:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/bin:/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/bin:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/bin:/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ export LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib
+ LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib
+ export LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib:/usr/lib32
+ LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib:/usr/lib32
+ export LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32:/home/pranith/.local/share/Steam/ubuntu12_32/panorama:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib:/usr/lib32
+ LD_LIBRARY_PATH=/home/pranith/.local/share/Steam/ubuntu12_32:/home/pranith/.local/share/Steam/ubuntu12_32/panorama:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib/i386-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/i386/usr/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/lib:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib/x86_64-linux-gnu:/home/pranith/.local/share/Steam/ubuntu12_32/steam-runtime/amd64/usr/lib::/home/pranith/devops/code/qsim/lib:/usr/lib32
+ '[' -z '' ']'
+ check_shared_libraries
+ '[' -f /home/pranith/.local/share/Steam/ubuntu12_32/steamui.so ']'
++ get_missing_libraries /home/pranith/.local/share/Steam/ubuntu12_32/steam
++ LD_PRELOAD=
++ ldd /home/pranith/.local/share/Steam/ubuntu12_32/steam
++ LD_PRELOAD=
++ grep '=>'
++ ldd /home/pranith/.local/share/Steam/ubuntu12_32/steam
++ grep -v linux-gate
++ grep -v /
++ awk '{print $1}'
++ true
+ MISSING_LIBRARIES=
+ '[' '' '!=' '' ']'
+ export SDL_VIDEO_X11_DGAMOUSE=0
+ SDL_VIDEO_X11_DGAMOUSE=0
+ '[' Linux = Linux ']'
+ :
+ MAGIC_RESTART_EXITCODE=42
+ SEGV_EXITCODE=139
+ STEAM_DEBUGGER=
+ unset DEBUGGER
+ '[' '' == gdb ']'
+ '[' '' == cgdb ']'
+ '[' '' == valgrind ']'
+ '[' '' == callgrind ']'
+ '[' '' == strace ']'
+ /home/pranith/.local/share/Steam/ubuntu12_32/steam
/home/pranith/.local/share/Steam/ubuntu12_32/steam: relocation error: /home/pranith/.local/share/Steam/ubuntu12_32/steam: symbol lseek, version GLIBC_2.0 not defined in file libpthread.so.0 with link time reference
+ STATUS=127
+ export PATH=/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ PATH=/usr/lib/ccache:/home/pranith/bin:/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/home/pranith/mendeley/mendeleydesktop-1.6-linux-x86_64/bin/:/home/pranith/devops/code/sst/sst_home//bin
+ export LD_LIBRARY_PATH=:/home/pranith/devops/code/qsim/lib
+ LD_LIBRARY_PATH=:/home/pranith/devops/code/qsim/lib
+ '[' Linux = Linux ']'
+ '[' true -a 127 -ne 42 -a -f /home/pranith/.steam/starting -a -z '' -a -z 0 ']'
+ '[' 127 -eq 42 ']'