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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.

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.
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!