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Reminder that Gitlab's stock is down more than 50% of their all time high post IPO. I'd expect more pricing/feature changes as they try to improve revenue/EPS.

Reminder that Gitlab's stock is down more than 50% of their all time high post IPO. I'd expect more pricing/feature changes as they try to improve revenue/EPS. Can an open core company survive a recession AND maintain their community/developer mind share?

PaywallBuster 5y ago
for reference: https://ir.gitlab.com/news-releases/news-release-details/gitlab-reports-fourth-quarter-and-full-year-fiscal-2022 https://ir.gitlab.com/news-releases/news-release-details/git... They're still rapidly growing but they're loosing their edge to Github who since being acquired by Microsoft can afford to play the long game and give away more at a better price point.
- boringg 5y ago
  Exactly - MSFT can pay higher CAC and they are trying to keep them in their services as a whole not strictly GitHub related. Slightly different goals and pockets.
- bdcravens 5y ago
  For years their advantage was CI and free private repos. They didn't have much of a moat.
boringg 5y ago
In this market I'm not sure how their stock being down 50% is particularly relevant to the performance of the company. Investors bought in on ridiculous multiples when it IPOed and tech as a whole has been crushed with the change in macro economic conditions. Less to do with their model more to do with the market. That said I am sure there is lots more internal pressure to drive revenue. Your second part of the statement seems more relevant.
- prepend 5y ago
  The market isn’t down 50%. So it’s relevant because GitLab is performing worse than the market and worse than other companies.
  - wtf_is_up 5y ago
    Not really. You can't compare it to bluechips. It's down like all the other IPOs that went crazy at the peak of liquidity driven euphoria. Those all-time high were not based on fundamentals.
jka 5y ago
Even in a worst case where they don't survive -- and I hope that they will survive -- it seems near-guaranteed that GitLab will turbo-boost the next generation of technology companies. The stack that they provide within the free edition alone is phenomenally consistent and capable compared to the collaboration tools that teams had available when they started - a mere seven years ago.

PaywallBuster 5y ago

for reference: https://ir.gitlab.com/news-releases/news-release-details/gitlab-reports-fourth-quarter-and-full-year-fiscal-2022 https://ir.gitlab.com/news-releases/news-release-details/git... They're still rapidly growing but they're loosing their edge to Github who since being acquired by Microsoft can afford to play the long game and give away more at a better price point.

boringg 5y ago
Exactly - MSFT can pay higher CAC and they are trying to keep them in their services as a whole not strictly GitHub related. Slightly different goals and pockets.
bdcravens 5y ago
For years their advantage was CI and free private repos. They didn't have much of a moat.

boringg 5y ago

In this market I'm not sure how their stock being down 50% is particularly relevant to the performance of the company. Investors bought in on ridiculous multiples when it IPOed and tech as a whole has been crushed with the change in macro economic conditions. Less to do with their model more to do with the market. That said I am sure there is lots more internal pressure to drive revenue. Your second part of the statement seems more relevant.

prepend 5y ago
The market isn’t down 50%. So it’s relevant because GitLab is performing worse than the market and worse than other companies.
- wtf_is_up 5y ago
  Not really. You can't compare it to bluechips. It's down like all the other IPOs that went crazy at the peak of liquidity driven euphoria. Those all-time high were not based on fundamentals.

jka 5y ago

Even in a worst case where they don't survive -- and I hope that they will survive -- it seems near-guaranteed that GitLab will turbo-boost the next generation of technology companies. The stack that they provide within the free edition alone is phenomenally consistent and capable compared to the collaboration tools that teams had available when they started - a mere seven years ago.