[HN Gopher] Gitlab loses one-third of its value after company is...
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Gitlab loses one-third of its value after company issues weak rev
forecast
Author : YourCupOTea
Score : 57 points
Date : 2023-03-13 21:14 UTC (1 hours ago)
(HTM) web link (www.cnbc.com)
(TXT) w3m dump (www.cnbc.com)
| eeasss wrote:
| The fully remote approach may have hit its limits.
| epolanski wrote:
| Nobody I know self manages their git and integrations
| regardless of where they physically work.
| karaterobot wrote:
| 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.
| whateveracct wrote:
| That commenter is a manager, which explains why they are
| non sequitur-ing against remote work.
| mmcclure wrote:
| 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/
| nativecoinc wrote:
| We use Bitbucket at work. If we switched to some other forge next
| week I would not care.
|
| Git forges should be expendable.
| Spivak wrote:
| The moat is CI, or more accurately that Gitlab CI is really
| good and using it requires hosting your code there.
| activitypea wrote:
| As much as I love the product, I've really come to dislike Gitlab
| as a company. The constant price hikes and the gutting of the
| free tier aren't exactly developer-friendly.
| packetlost wrote:
| Same. They forced GitHub to quit resting on their laurels, at
| least.
| hypothesis wrote:
| That seems to account for layoff and upcoming pricing changes.
| nimbius wrote:
| 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.
| shrimpx wrote:
| > it costs virtually nothing to ...
|
| Yeah but what's the cost of a global developer social network?
| vlunkr wrote:
| This is important, but also, "virtually nothing" is a lie. I
| think self hosting can work, but you have to be honest about
| the costs. Deployment, maintenance, rotating logs, training
| others on all this.
| activitypea wrote:
| BrandonM, is that you?
| imron wrote:
| How much does it cost to pay someone to administer? Including
| backups, BCP, integration with SSO etc?
|
| It'll work for a 5 person startup, but will get expensive fast
| for larger organizations.
| mac-chaffee wrote:
| I always reference this post when the subject of self-hosting
| "simple" things comes up:
| https://utcc.utoronto.ca/~cks/space/blog/sysadmin/RunningSer...
| stavros wrote:
| 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.
| vorpalhex wrote:
| There was an attempt to bring a distributed forge
| architecture to gitea and co. The idea being the project
| could be hosted on one instance but you could fork to your
| own to do your work before PRing back to the project.
|
| Github but bring your own.
|
| I believe the project died out but it was a good idea. All
| the benefits of Github without the lock in and single point
| of failure.
| stavros wrote:
| Yeah, that would have been really good... Too bad it
| doesn't seem to have come to nothing.
| zht wrote:
| this is the dropbox comment for GitHub lol
| yamtaddle wrote:
| 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.
| c2h5oh wrote:
| 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.
| maccard wrote:
| 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.
| swyx wrote:
| in their earnings call @systses also announced that he has cancer
| but is powering thru it working full time even while he receives
| chemotherapy.
|
| wishing him the best of health. he inspires me constantly.
| https://twitter.com/OnodaCapital/status/1635379330498060289
| xeromal wrote:
| I made a garbage tool to pull repositories from gitlab to github
| or vice versa. I used it just to explore Go so it's not really
| prod ready but handy if you're just looking to move your code
| over.
|
| It most likely will explode.
|
| https://github.com/tylerjgarland/git2git
| stavros wrote:
| 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.
| mkl95 wrote:
| 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.
| aynyc wrote:
| 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.
| mkl95 wrote:
| I remember Gitlab having some features that Github lacked and
| subsequently ripped off, such as merge queues.
| imran-iq wrote:
| also free private repositories, the github free tier used
| to be very lacking to say the least
| agumonkey wrote:
| There was a tiny period where github was a bit stagnant and
| gitlab felt more capable. Felt a bit like mysql vs postgres.
| Now I think github got the lead back (slightly simpler
| UI/workflow). But i don't know much.
| IlPeach wrote:
| 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).
| samspenc wrote:
| GitLab increased their prices significantly in the past two
| years, which resulted in them being less competitive on price
| than GitHub and others
| https://about.gitlab.com/blog/2023/03/02/gitlab-premium-upda...
|
| As others have pointed out in comments, their features seem to
| be incomplete but I think it's their higher price points that
| pushed users away.
| Analemma_ wrote:
| 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.
| epolanski wrote:
| You made me curious and I checked their financial report.
|
| Gitlab spent 310M of their total 580M$ of operational costs in
| sales in 2022.
|
| Those seem crazy numbers, I see similar ratios in other
| financial reports (such as Cloudflare's).
|
| On one side it means that those companies are essentially cash
| positive the moment they cut sales expenses, on the other hand
| GitLab imho does not provide enough over some competitors such
| as GitHub to make me bet on them 10 years from now.
| mindwok wrote:
| 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.
| arsome wrote:
| Too many things in Gitlab feel half-baked, like their
| requirements feature which is essentially just their issue
| tracker, no document management, just toss some issues in the
| bin. And they expect enterprises to pay for it because they
| checked the feature box.
|
| https://docs.gitlab.com/ee/user/project/requirements/
| lmiller1990 wrote:
| To be fair, a lot of enterprise sales is based on "ticking
| boxes".
| [deleted]
| fletchowns wrote:
| I've had a good experience using GitLab for source code
| repositories, pipelines, and code reviews. I don't have much
| experience using it for issue tracking and document management
| since we use Jira & Confluence for that. For my own hobby
| projects outside of work the free tier has been great, and it
| was easy to host my own gitlab runner so that I don't have to
| pay for CI/CD minutes.
| epolanski wrote:
| Same here I only had good experience with it and I just can't
| get used to other PR review UIs.
|
| That being said if I were a CTO I would not buy their
| services, I think they are too expensive.
| gscho wrote:
| Even though features are half-baked I still think the future is
| bright for them, especially if GitHub slips up or gets
| complacent. Intel showed us that it is possible.
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(page generated 2023-03-13 23:00 UTC)