'Address Not Applicable' says all-remote GitLab's IPO filing + Google spends $2.1 bn for New York office 👀
GitLab becomes the first fully remote company to file an IPO. In other news, Google spends billions on an office in spite of allowing employees remote work.
When we first spoke to Darren Murph, Head of Remote at GitLab, in 2019, he talked about GitLab's plan to IPO. It sounded very exciting that a globally distributed company was planning to go public. It would be great proof that remote works at scale.
Of course, we have been through a lot since then and the pandemic has clearly shown that remote work is equally or even more productive at scale. However, GitLab's recent IPO filing still remains an exciting landmark in the world of remote working!
This is the first time a fully remote company, with no offices, is going public. If you haven't read about it already, check out the details here - GitLab files to go public.
Meanwhile, Google stock rose on Tuesday despite the market being down due to the Evergrande crisis. Why, you ask? Well, Google is planning to purchase a $2.1 billion office building at the heart of New York, despite publicly embracing remote work. Read more about what this means for Google's remote work plans.
Finally, Facebook has added new WFH related features to its portal devices. Read more about it here.