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That's pretty damn funny.

The intent of the redesign is for the logo to reflect GitLab's place at the center of the DevOps infinity loop.

Why not just do some play on an infinite loop then?

If you check out the post, you can see/read how it is a play on an infinity loop.

Gitlab is at the center of the devops infinity loop huh? News to me

Not quite. The new one also looks like an evil owl. The old one didn't have a beak.