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GitHub absolutely does compete for on-prem installation.

Source: we use an on-prem installation at Vimeo

Not at the $0 price point they don't.

I can see that happening at some point... as long as you host in Azure.

> on-prem

People still consider using AWS and Azure as "on-prem". Hypervisor as a service doesn't really change much in the day-to-day operations.