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RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 14 days ago

Backblaze: Mounting Losses, Lawsuits, Sham Accounting, Insider Selling

www.morpheus-research.com

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Backblaze: Mounting Losses, Lawsuits, Sham Accounting, Insider Selling

www.morpheus-research.com

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 14 days ago
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Backblaze: A Loss-Making Data Storage Business Mired in Lawsuits, Sham Accounting, and Brazen Insider Dumping
www.morpheus-research.com
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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.

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