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A comment on Gitlab More Than Doubles Valuation to $2.75B Ahead of Planned 2020 IPO. Parent comment

Re:Gitlab More Than Doubles Valuation to $2.75B Ahead of Pla... by jrochkind1 on Tuesday September 17, 2019 @05:42PM (#21000378)
They were purchased by a private equity company. Which does not usually mean any continued development. At it's best, it means keep the thing running well and continue to wring revenue out of it. But few and far between are the private equity purchases that are at their best. It also almost always means significant cost cutting.

https://news.ycombinator.com/item?id=18978251

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Re:Gitlab More Than Doubles Valuation to $2.75B Ahead of Pla... by hobofan on Wednesday September 18, 2019 @01:44AM (#21002648)
It's not just any private equity company, but one that is known for purchasing companies with a big subscriber base and then getting as much money out of them with the least effort.
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