Backblaze: A Loss-Making Data Storage Business Mired in Lawsuits, Sham Accounting, and Brazen Insider Dumping

a year ago by Tiff to c/techsploits

Summary * Backblaze (NASDAQ:BLZE) is a $250 million cloud storage and backup solution provider based in California that operates through two business segments: B2 Cloud Storage allowing “customers to store data” and “developers to build applications,” and Computer Backup that “automatically backs up data” from devices for “virtually unlimited” storage.

I'm classing this as an exploit because it sounds like backblaze exploited their shareholders!

We (Reddthat) were going to use them as our object storage provider when we started. Luckily we didn't! It would make me want to migrate asap!

Saff 5 points a year ago

Their drive stat reports are always interesting though!

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