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A comment on Microsoft Is Said to Have Agreed to Acquire GitHub. Parent comment

Re:Microsoft Is Said to Have Agreed to Acquire GitHub by chubot on Monday June 04, 2018 @01:25AM (#17224896)
Source? I thought the story was that Github was profitable from day 1 in 2008?

How did they become unprofitable? Their expenses are servers and people. It seems that there are an enormous number of companies paying for private repos and that should more than cover their costs.

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Re:Microsoft Is Said to Have Agreed to Acquire GitHub by RyanZAG on Monday June 04, 2018 @03:11AM (#17225294)
They were profitable in 2008, but by 2016 they were running at a loss.

https://www.bloomberg.com/news/articles/2016-12-15/github-is...

I'm guessing it was from corporate mismanagement, overbalooned salaries for initial employees, and probably hiring too quickly to meet demand.

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Re:Microsoft Is Said to Have Agreed to Acquire GitHub by skohan on Monday June 04, 2018 @07:06AM (#17226616)
And probably to some extent people treating it more and more as a free hosting platform for all types of content.
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Re:Microsoft Is Said to Have Agreed to Acquire GitHub by y3m on Tuesday June 05, 2018 @12:31AM (#17235008)
I put all my cooking recipes and links in a free repo yesterday, published with pages. History of changes, fast, reliable, mobile-friendly. Owns. PR me a recipe man!
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