Comment by testplzignore

According to https://www.cnbc.com/2017/10/11/github-has-a-110-million-run..., GitHub had a run rate of $200 million in August 2017, but still is not profitable per the Bloomberg article. The writing was on the wall here. They've focused on user growth and solidifiying their infrastructure, without much concern for profit - of course they're looking for an exit.

I wonder if they chose to not go public due to the overlap with the Atlassian market. There wouldn't be much to distinguish themselves in an IPO. They are - in the minds of many developers - better and cooler than Atlassian, but with less revenue. Perhaps GitHub figured a buyout had the better expected value, rather than risk being viewed as a me-too by investors.

I never really understood why GitHub succeeded over a decentralized model. It's a social network for a service that does not need to be a social network. The small git hosting services that existed before GitHub got huge were just fine. It's like what Reddit did to smaller forums - Reddit was not better, but it won the popularity lottery when Digg destroyed itself. I think the internet would be better without these massive centralized services. I hope the users who do decide to flee GitHub don't aggregate elsewhere and end up in the same situation a few years from now.