Large companies don’t innovate anymore, they acquire and Google’s sourceforge offering is… let’s call it underwhelming. If they tried to compete with Github and threw money into Gitlab, what do you think they’d do?
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Google is an advertising company. Something like 80% of their revenue comes from selling ads.
How would spending money on Gitlab support their primary business.
They’re also one of the biggest clouds out there and their cloud has a git + CI offering (that sucks).