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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.
GitHub should worry about actually building their core product rather than spending all their time on social justice crusades.
It's a very convenient place to put your code to share with others, since everybody knows about it, has an account, and trusts it not to screw over the developer too hard. Sourceforge is not trustworthy and running my own is a pain in the ass. Just throw it up on github, publish the URL, and everybody gets to use it. If they do start screwing people over, they will move just like people moved away from sourceforge.
The more people I meet, the better I like my dog.
SJW are emotional children acting out against whatever injustices they can imagine.
Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
SourceForge doesn't do that anymore though
Threatening to close down a repository (your second link) because someone used the word "retarded" is retarded.
People who are offended can stand on their own two feet if it's that important to them. SJWs telling them that SJWs need to defend them is just infantilizing them. The whole SJW thing need to die, as do the people milking it for money.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
Hey dipshit, I never said that anyone was entitled to have a repository hosted for them. Don't put words in my mouth.
And I didn't advocate against it - I was very clear - if you're offended, stand on your own two feet and advocate for yourself. That include the fools who are offended that someone else is offended. I made it very clear that SJWs are parasites, and that people should grow up and defend themselves.
It's the same with "safe spaces." One group is advocating for safe spaces for people with mental illnesses "to help avoid the stigma". Pretty damned stupid, because by making "safe spaces" you're telling them that they should expect be stigmatized to the point that they need a "safe space", rather than trying to get rid of the stigma and confronting the ignorant head-on. Safe spaces stigmatize and infantalize people, taking away their personal agency.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
SJW "speaks out" for social causes, in the same way Spanish Inquisition spoke out for Jesus.
This is one of those cases where VC's are killing github. They should never have gone anywhere near VC money.
There are all kinds of companies that should seek and acquire VC money. But a company that's comfortably running a small, scalable service pulling in reasonable revenues... VCs will demand far more growth and market penetration than may be reasonable to expect... so you build a massive enterprise sales organization, burn cash like nothing else, and end up running a perfectly good, small company with solid revenues into the ground hoping to make billions instead of tens or hundreds of millions.
Lots of companies should go this route. Github was never one of them.
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How is GitHub blowing through that much money??
Look... I'm not saying they shouldn't be spending any money. I know server infrastructure has costs. But they lost 66mil in 9 months ... that means they SPENT at least 66 mil in 9 months. On what?? How much server do you need to host a text repository, with SVN and a website?
And GitHub had been around for nearly a decade, so it's not like they were building a whole new server farm from scratch. That's 66 mil on salaries, maintenance and upgrades.
This signature is false.
We still have over 1 million users per day and 500,000 projects hosted at SourceForge. Would rather do right by them than just start a new brand.
I was a /. and SF fan for a long time. Thought they deserved better
Yes, it is censorship in the same way that parents washing their child's mouth out with soap is censorship. Which is to say, companies are having to do it because "parents" (if they can be called that) no longer will. So we have a bunch of special snowflakes that think it's OK to be uncivilized shits as adolescents and adults because they were not reared properly as children.
At the same time you have similar little shits that enjoy taking offense to every possible slight that they can imagine. These people are social retards who delight in picking on the cultural retards. Now we have two apparently socially inept groups engaged in a the most uncultured culture war ever.
This is the world we live in today.
They are all dipshits. Both are trolling each other. It is best to just ignore them. Mod them all to hell and let the rest of us converse in peace.
Add to the mix the professional trolls that are having fun playing both sides. They are trolling us. It is best to just ignore them. Mod them all to hell and let the rest of us converse in peace.
the growth in cynicism and rebellion has not been without cause