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Caused the stock price to jump 20% over the last hour?[0]

OP, if only you bought some calls instead of informing HN, you would have been rich.

[0] https://finance.yahoo.com/quote/GTLB/

Can someone explain to me why it jumped *that much*?

Is it surprising? They increased the price of their primary product by 30% - so it should follow that their revenue should also increase by some similar factor (modulo whatever percentage of revenue is from CI minutes or the other plans which didn't increase in price, like - notably - the enterprise plan which is still $99).

Based on their last Quarterly Earnings report [0], it looks like subscription revenue is on the order of 10:1 compared to other revenue.

[0] https://ir.gitlab.com/news-releases/news-release-details/git...

Ah okay that makes sense, thanks. I connected it more with "people will stop paying gitlab money" instead of "gitlab will make more money"

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