Slashdot Mirror


Building a Coder's Paradise Is Not Profitable: GitHub Lost $66M In Nine Months Of 2016 (bloomberg.com)

Though not much popular outside the technology circles, GitHub is very popular among coders around the world. The startup operates a sort of Google Docs for programmers, giving them a place to store, share and collaborate on their work. But GitHub is losing money through profligate spending and has stood by as new entrants emerged in a software category it essentially gave birth to, according to people familiar with the business and financial paperwork reviewed by Bloomberg. From the report: The rise of GitHub has captivated venture capitalists. Sequoia Capital led a $250 million investment in mid-2015. But GitHub management may have been a little too eager to spend the new money. The company paid to send employees jetting across the globe to Amsterdam, London, New York and elsewhere. More costly, it doubled headcount to 600 over the course of about 18 months. GitHub lost $27 million in the fiscal year that ended in January 2016, according to an income statement seen by Bloomberg. It generated $95 million in revenue during that period, the internal financial document says. The income statement shows a loss of $66 million in the first three quarters of this year. That's more than twice as much lost in any nine-month time frame by Twilio Inc., another maker of software tools founded the same year as GitHub. At least a dozen members of GitHub's leadership team have left since last year.

3 of 227 comments (clear)

  1. Re:600 employees by sinij · · Score: 0, Flamebait

    You need 30 people to maintain Github, the rest are affirmative action hire, SJW thought police department, and female game developers.

  2. Re:Before or after? by Aighearach · · Score: -1, Flamebait

    What makes you feel so Entitled to have them host a repository for you?

    Do you feel that it is unjust, leading you to social advocacy against it? Yes, you just did.

    Did it occur to you that people who are offended can stand up on their own two feet, including those who are offended that somebody was offended?

  3. Re:Before or after? by Aighearach · · Score: -1, Flamebait

    Hey dipshit, I never said that anyone was entitled to have a repository hosted for them. Don't put words in my mouth.

    Hey asshole, I only read the first sentence since you obviously weren't attempting to communicate. But I did want to point out that yes, you implied that you're entitled. I wasn't saying that you explicitly claimed it, I was only saying that it was the main meaning of your words. You might simply have not thought about or understood the implications of your words. Think more, asshole less.