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GitLab now worth twice what Microsoft paid for GitHub

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Re: GitLab now worth twice what Microsoft paid for GitHub

#21
post #18

Earlier quoted context omitted.

Eh, they provide a useful service. I wouldn't want to run my own git server.

You don't have to though, that's what makes it so great. Just push with ssh to a directory under /var/www and you're good to go.

Use FTP!

Re: GitLab now worth twice what Microsoft paid for GitHub

#22
Microsoft’s stock has tripled while also giving out a dividend the entire time.

If it’s about who owns the company, Gitlab got diluted by 25% since GitHub got bought (9%, 11%, and 6% dilutions for last two series and the IPO).

GitHub likely would be worth a lot more today, but this isn’t a fair comparison at all. Especially if you’re on HN and care about founder and employee equity, not VC equity.

Re: GitLab now worth twice what Microsoft paid for GitHub

#23
Maybe on Wallstreet it's worth more, but I personally don't see much differentiation from a fundamental product standpoint. Source code, PRs and issues are the core of the solution for most. After a certain point, adding more features is going to distract from this.

Also, some of the listed "features" are things I would actively prefer not to have, such as "self-managed reliability". Kinda the whole point of me paying that bill is so I don't have to spend time on menial IT bullshit. I want to live in a fantasy where my source control and project tracking is hosted in a perfect way so I can focus on my product and not someone else's.

Of course, "Microsoft bad", so factor that in accordingly as you see fit.

Re: GitLab now worth twice what Microsoft paid for GitHub

#24
post #7

Earlier quoted context omitted.

Conversely, services that give access to leave/clone via an open protocol like git are the last ones you should worry about lock-in with...right? Unless you get too comfortable with the services' tertiary benefits, and that's not lock in — that's just comfort.

Having all of your issue tracking, docs wiki, build pipelines and more be reliant on a platform Ian or just comfort, it’s lock-in. If you ask a company “can’t we just switch from gitlab to github? Or the reverse, you’ll get a million reasons why it’s a huge task, because everything outside of the repo itself isn’t easily transferred.

That is what happens when huge chuck of devs expect to use software as free beer, while the people actually writing those tools need to figure out ways to pay their bills.

A big reason why we are back into timesharing, the free beer is only the thin terminal stuff.

Re: GitLab now worth twice what Microsoft paid for GitHub

#25
GitLab: Company is approximately 8 years old.

Partial Resume of Financials:

Operating Income: From a loss of -128 million in 2020 to a loss of -208 million in 2021

Cost of Revenue: Increased from 9 million in 2020 to 24 million in 2021

Free Cash Flow: https://www.investopedia.com/terms/f/freecashflow.asp

From -60 million in 2020 to -74 million in 2021

Results: Wall Street goes wild and values it at 16.5 Billion ( that is with a B) :-)

Peak 2021 Dot-com bubble anyone ?

Re: GitLab now worth twice what Microsoft paid for GitHub

#26
post #23

Maybe on Wallstreet it's worth more, but I personally don't see much differentiation from a fundamental product standpoint. Source code, PRs and issues are the core of the solution for most. After a certain point, adding more features is going to distract from this. Also, some of the listed "features" are things I would actively prefer not to have, such as "self-managed reliability". Kinda the whole point of me payin…

On premise. Do not underestimate the number of companies that requires it.
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