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

Link: morpheus-research.com/backblaz
Discussion: news.ycombinator.com/item?id=4

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

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.

www.morpheus-research.com · Morpheus Research

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