Reported 8 months ago
According to an article by The Motley Fool, Alphabet has been observed to make a significant purchase of 7.1 million shares of software development platform GitLab during the first quarter, making it Alphabet's largest public company position. The author speculates that Alphabet's interest in GitLab may lead to a potential acquisition, considering GitLab's similarity to GitHub, which was acquired by Microsoft for a substantial amount in the past. The author suggests that Alphabet might strengthen its relationship with GitLab and potentially acquire it in the future for integration into its ecosystem, although caution is advised against investing solely based on acquisition speculation.
Source: YAHOO