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

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

#71
post #48

Earlier quoted context omitted.

Well, $30 mo is just $1 a day. Depending on where you live it can be nothing.

Those add up unless you can tie them to specific income. I've got enough "just $1 a day" subscriptions already that give me way more value.

HBO is like $15 and it’s for pure leisure and zero creative work.

Git(-|lab|hub) >> HBO

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

#72
post #42

in their earnings call @sytses also announced that he has cancer but is powering thru it working full time even while he receives chemotherapy. snippet: https://twitter.com/OnodaCapital/status/1635379330498060289 wishing him the best of health. he inspires me constantly.

[flagged]

What are you expecting someone with cancer to do? Sit in a room and do nothing forever? How do you think that's going to go for the business? You should be asking yourself these kinds of questions well before you think about speaking. You're commenting on a situation you're not involved in, and speaking out of ignorance.

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

#73
post #66

Earlier quoted context omitted.

This really misses the mark. They compete with free also, which is always nothing. Github by comparison lets me pay like 5$/mo for LFS and 4$/mo for a team of one, bitbucket even lets you do up to 5 users for a total of 15$/mo , gitlab has nothing like that :(

I feel your pain, we all get used to super cheap development services. But now - well - there is no free lunch as they say, and I think we should stop demanding much for nothing. Would they make money on $5 accounts? Does github make money on $4 accounts? Is it a sustainable pricing model or more like a “growth grab” which is not valued that much in 2023.

But the cheaper competitors still exist…

One thing I think is underrated is convincing students/hobbyists/personal users who then take those preferences/skills into the work place, that funnel seems especially useful when it comes to tooling. Gitlab seems to be missing that price point/market

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

#74
post #48

Earlier quoted context omitted.

Well, $30 mo is just $1 a day. Depending on where you live it can be nothing.

This logic is simply not how you get money from ordinary consumers. If someone wants to support you at a level of $X for a service they're already getting for free, saying 'just give us $X*5' is not the right move. I recently watched a video game community melt down because (due to exchange rate shenanigans) the pricing of a monthly pass was $5.99 instead of $4.99, and people got furious when (a non-employee) moderat…

And did they all leave the platform or just a dozen of members published some comments of dissapointment?

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

#75
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.

GitHub is not just hosted Git. It is a platform.

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

#77
Instead of Gitlab actually attracting more customers, they're trying to extract more money from their existing customers. This never ever goes well. Why can CEOs not see this.

I'm moving to GitHub. I've always championed the small guy, but the last couple of years have been terrible for Gitlab users.

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

#78

Gitlab pricing used to be something like $4/mo and they saw incredible growth. They raised their rates to $19/mo and now are seeing slow growth. In April they are raising to $29/mo- not sure what they think is going to happen. Also, for anyone that actively watches, they have to wonder if there will be another price hike once you are on their platform. Github Enterprise is only $21/mo and for most users it has all th…

Unless Actions has gotten a lot more fleshed out since I last used it, I don't think it's as robust as Gitlab CI.

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

#79

Gitlab pricing used to be something like $4/mo and they saw incredible growth. They raised their rates to $19/mo and now are seeing slow growth. In April they are raising to $29/mo- not sure what they think is going to happen. Also, for anyone that actively watches, they have to wonder if there will be another price hike once you are on their platform. Github Enterprise is only $21/mo and for most users it has all th…

[deleted]

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

#80
The problem with these SaaS companies is that they all eventually become seduced into whale hunting (big enterprise) and the product ultimately suffers as they are forced to adopt whale pricing and focus on endless enterprise reqs that the whales say they want (and most of the time don't actually use). The product drifts or stagnates for their core use case and then another startup comes along to 'disrupt' the market and they do until the process repeats.
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