4 ms·

GitLab now worth twice what Microsoft paid for GitHub

56 points by TangerineDream 5y ago

gwe3232t 5y ago
Printing money makes bubbles.
partiallypro 5y ago
So, what you're saying is that Microsoft got an absolute steal.
joedoejr 5y ago
It is like people just can’t not to vendorlock even with git.
- satvikpendem 5y ago
  Eh, they provide a useful service. I wouldn't want to run my own git server.
  - SPascareli13 5y ago
    Honest question, why not? Its not like that's something that will scale infinitely, you only have so many devs and so many repos to work on, also it's not like it's hard to backup the data, actually, you can bet that you will have a updated copy of every repo on someone's machine if things really go south. Of all things we can outsource in our infra, git seems one of the least necessary.
    - stu2b50 5y ago
      Git vaults do a lot more than host remote git repos. Gitlab and github are valuable for everything else they do - the UI, PR management, issue tracking, CI, and so forth.
  - swiley 5y ago
    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.
    - endofreach 5y ago
      Use FTP!
- atatatat 5y ago
  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.
  - boublepop 5y ago
    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.
    - pjmlp 5y ago
      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.
elgernon 5y ago
good company, but arguably overvalued https://www.forbes.com/sites/greatspeculations/2021/10/12/gitlab-another-overpriced-tech-company/ https://www.forbes.com/sites/greatspeculations/2021/10/12/gi...
- chippiewill 5y ago
  The article would be more convincing if it was less of a blatant hatchet job, I got a bit dizzy with how it tried spinning everything into a negative.
- nxmnxm99 5y ago
  This is a terrible article. I don’t even know where to start - judging by green name I’m guessing mods will remove this soon.
- aejnsn 5y ago
  Look at this author’s other works. Disillusioned would be a succinct description.
rnd0 5y ago
This begs the question: who's going to swoop down and suck the life out of GitLab? Oracle? IBM? Facebook?
- legostormtroopr 5y ago
  Does Salesforce own an enterprise code management system?
rnd0 5y ago
>gwe3232t 2 hours ago [dead] [–] >Printing money makes bubbles. You're not wrong...
elpakal 5y ago
Makes me wonder what a GitHub IPO price would look like in this market. Oh well
jackal69 5y ago
github's huge mistake
jlawer 5y ago
Github was acquired for stock. Meanwhile MS shares have tripled since Oct 2018.
skinnymuch 5y ago
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.
bob1029 5y ago
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.
- ldng 5y ago
  On premise. Do not underestimate the number of companies that requires it.
belter 5y ago
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 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 ?

gwe3232t 5y ago

Printing money makes bubbles.

partiallypro 5y ago

So, what you're saying is that Microsoft got an absolute steal.

joedoejr 5y ago

It is like people just can’t not to vendorlock even with git.

satvikpendem 5y ago
Eh, they provide a useful service. I wouldn't want to run my own git server.
- SPascareli13 5y ago
  Honest question, why not? Its not like that's something that will scale infinitely, you only have so many devs and so many repos to work on, also it's not like it's hard to backup the data, actually, you can bet that you will have a updated copy of every repo on someone's machine if things really go south. Of all things we can outsource in our infra, git seems one of the least necessary.
  - stu2b50 5y ago
    Git vaults do a lot more than host remote git repos. Gitlab and github are valuable for everything else they do - the UI, PR management, issue tracking, CI, and so forth.
- swiley 5y ago
  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.
  - endofreach 5y ago
    Use FTP!
atatatat 5y ago
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.
- boublepop 5y ago
  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.
  - pjmlp 5y ago
    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.

elgernon 5y ago

good company, but arguably overvalued https://www.forbes.com/sites/greatspeculations/2021/10/12/gitlab-another-overpriced-tech-company/ https://www.forbes.com/sites/greatspeculations/2021/10/12/gi...

chippiewill 5y ago
The article would be more convincing if it was less of a blatant hatchet job, I got a bit dizzy with how it tried spinning everything into a negative.
nxmnxm99 5y ago
This is a terrible article. I don’t even know where to start - judging by green name I’m guessing mods will remove this soon.
aejnsn 5y ago
Look at this author’s other works. Disillusioned would be a succinct description.

rnd0 5y ago

This begs the question: who's going to swoop down and suck the life out of GitLab? Oracle? IBM? Facebook?

legostormtroopr 5y ago
Does Salesforce own an enterprise code management system?

rnd0 5y ago

>gwe3232t 2 hours ago [dead] [–] >Printing money makes bubbles. You're not wrong...

elpakal 5y ago

Makes me wonder what a GitHub IPO price would look like in this market. Oh well

jackal69 5y ago

github's huge mistake

jlawer 5y ago

Github was acquired for stock. Meanwhile MS shares have tripled since Oct 2018.

skinnymuch 5y ago

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.

bob1029 5y ago

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.

ldng 5y ago
On premise. Do not underestimate the number of companies that requires it.

belter 5y ago

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 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 ?