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Gitlab loses one-third of its value after company issues weak forecast

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21–30 of 220 posts

Re: Gitlab loses one-third of its value after company issues weak forecast

#21
things like github and gitlab always struck me as oddities. it costs virtually nothing to deploy a containerized gitea and jenkins, or gitlab CE, and you have direct control over its performance and options without any spend.

call me old fashioned but these online git-o-matic sites just seem more like rent-seeking during a recession.

Re: Gitlab loses one-third of its value after company issues weak forecast

#22
post #13

The fully remote approach may have hit its limits.

Nobody I know self manages their git and integrations regardless of where they physically work.

I assume that commenter is referring to Gitlab's famous advocacy for remote-only work. But, it's still completely irrelevant to their earnings forecast or stock price.

Re: Gitlab loses one-third of its value after company issues weak forecast

#23
post #13

The fully remote approach may have hit its limits.

Nobody I know self manages their git and integrations regardless of where they physically work.

I think GP was referring to Gitlab itself being very vocal about fully remote. Without commenting on anything else in this thread, their company handbook[1] and the culture around it are something I find pretty interesting.

[1] https://about.gitlab.com/company/culture/all-remote/guide/

Re: Gitlab loses one-third of its value after company issues weak forecast

#24
As a user who really liked GitLab, there are a few things that made me consider to move back to GitHub:

1. They had a generous organization free tier, which was handy for stealthily moving companies to it (move a few repos, get people used to it, then move more repos, then when everyone recognizes the value, start paying). They ruined that as soon as they put a limit on the number of people that can be in an org for free. Moving stealthily was good because...

2. GitLab CI was best-of-breed, but GitHub Actions is really good too now (maybe better? I haven't used it enough to answer that).

3. The price is really high now, so it doesn't really make sense to even move a company over to it.

4. The community is (and has always been) on GitHub, so there was always a big reason to be there. Now that the rest of the GitLab offerings aren't as competitive, this wins.

Re: Gitlab loses one-third of its value after company issues weak forecast

#25
post #21

things like github and gitlab always struck me as oddities. it costs virtually nothing to deploy a containerized gitea and jenkins, or gitlab CE, and you have direct control over its performance and options without any spend. call me old fashioned but these online git-o-matic sites just seem more like rent-seeking during a recession.

This comment strikes me as fundamentally misunderstanding the purpose of GitHub. I don't care that I can set up Gitea (and I already have an instance), I want GitHub because it makes it trivial for people to issue PRs to my code.

Then, because everyone has a GitHub account and knows how to use it, and everyone is already on it, everyone else goes on it too.

Not to mention that I don't need to maintain CI/container registries/asset hosts/pages myself.

Re: Gitlab loses one-third of its value after company issues weak forecast

#26
post #7

The fact they can leave things as serious as this https://gitlab.com/gitlab-org/gitlab/-/issues/344919 unfixed for almost a year and a half basically makes them not suitable for serious use in my opinion. And since my opinion often matters they continue to lose business.

It's hard to blame them for every specific bug. It might be incredibly important to you, but not to others, and there's probably another showstopper bug for someone else that isn't important for you in return.

Re: Gitlab loses one-third of its value after company issues weak forecast

#27
post #12
post #10

What happened to Gitlab? They used to be one step ahead of Github in some areas, then seemed to go full enterprisey and lost their competitive edge. I smell some sales oriented strategies.

When was GitLab ahead of GitHub? I've been using both for as long as I remember, I always thought GitLab is more marketing than GitHub. Believe or not, I prefer BitBucket because I don't care much for CI integrations.

Yeah that was before Microsoft bought GitHub. GH had been constantly exceeding expectations and GitLab trying to play catch up (which smells of bad product strategy).

Re: Gitlab loses one-third of its value after company issues weak forecast

#28
post #21

things like github and gitlab always struck me as oddities. it costs virtually nothing to deploy a containerized gitea and jenkins, or gitlab CE, and you have direct control over its performance and options without any spend. call me old fashioned but these online git-o-matic sites just seem more like rent-seeking during a recession.

If you champion self-hosting gitea or gitlab CE, get your way, and something bad happens, you may, personally, be in trouble.

If you just go with Github or Gitlab, and something bad happens, nobody will blame you.

Re: Gitlab loses one-third of its value after company issues weak forecast

#29
post #10

What happened to Gitlab? They used to be one step ahead of Github in some areas, then seemed to go full enterprisey and lost their competitive edge. I smell some sales oriented strategies.

I think it's a consequence of going public. Enterprise is where the money is at, and public companies have huge amounts of pressure to chase the money. I have a lot of love for GitLab, so I hope the strategy works and they can reinvest profits into making the product better for all developers, not just enterprise, but at this stage of their lifecycle it seems this is the strategy they have to play.

Re: Gitlab loses one-third of its value after company issues weak forecast

#30
post #10

What happened to Gitlab? They used to be one step ahead of Github in some areas, then seemed to go full enterprisey and lost their competitive edge. I smell some sales oriented strategies.

TBF, I don't think Gitlab was ever ahead of, or even close to, GitHub. They got a lot of hype here a couple years ago when everyone decided they hated GitHub now because boo Microsoft, but that didn't mean GL was an actual competitor. People who migrated on hype got burned.
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