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Microsoft Is Buying GitHub for $7.5 Billion But The Crypto Community Isn’t Happy About It

#movingtogitlab started, and developers began doing just that.

The deal values GitHub at nearly four times the $2 billion valuation given by private investors in a fundraising round three years ago. GitHub has grown into a major nexus for software developers to share and collaborate on code, it claims 28 million users. The 10-year-old company, which charges corporate customers, doesn’t disclose revenue or profit, and its financial performance isn’t clear.

Acquiring GitHub could help Microsoft persuade more developers to create applications for its cloud-computing business, where customers rent digital resources and applications on demand. Microsoft is racing to catch up to industry leader Amazon.com Inc. in that business.

However, Microsoft has had a hit-and-miss history of takeovers, the acquisition of LinkedIn went rather smoothly, with much of the LinkedIn operation still running separately.

But when the software giant took over Skype, they were flooded with complaints surrounding the redesign as it created an unpleasant user experience for many.

Bitcoin development has traditionally used the website as a global participation environment. Unsurprisingly, news of a corporate takeover failed to impress community figures, who demanded Bitcoin activity be taken elsewhere.

Bitcoin core developer Wladimir J. van der Laan answered “yes” to questions whether developers should abandon GitHub permanently. He said,

“No real hurry, but I expect this is the beginning of a long painful road of (GitHub) toward obsolence (sic), possibly ending the same way as codeplex did,”

In Microsoft’s recent blog post, they spoke about their open source journey and ambition to empower developers, accelerate enterprise developers and to bring developer tools to new audiences.

Satya Nadella, Chief Executive Officer, Microsoft noted:

“Developers are the builders of this new era, writing the world’s code. And GitHub is their home.”

“GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries”

“Developers will continue to be able to use the programing languages, tools and operating systems of their choice for their projects — and will still be able to deploy their code to any operating system, any cloud and any device.”

 

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