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After Cloudflare's announcement this is likely a last act as people move away. Good luck if you invest but I can see them filing for bankruptcy in 2-5 years.
I would agree that B2 is their high growth area, but I do not think Cloudflare directly opposes B2.
After Cloudflare's announcement this is likely a last act as people move away. Good luck if you invest but I can see them filing for bankruptcy in 2-5 years.
Backblaze makes 73% of their revenue from computer backups. I do not see how the Cloudflare announcement will eat into that. I would agree that B2 is their high growth area, but I do not think Cloudflare directly opposes B2.
After Cloudflare's announcement this is likely a last act as people move away. Good luck if you invest but I can see them filing for bankruptcy in 2-5 years.
Just curious, are you currently or have you been a Backblaze customer?
Earlier quoted context omitted.
Backblaze makes 73% of their revenue from computer backups. I do not see how the Cloudflare announcement will eat into that. I would agree that B2 is their high growth area, but I do not think Cloudflare directly opposes B2.
If the majority of their business is personal backups then the business is already in a decline. I've looked at them multiple times, and Google Drive and OneDrive are both much better deals.
Congrats to the backblaze team! Long time customer of their backup product, and I'm considering B2 for an upcoming project as a result. They seem to be good at doing what they do, which is always great to see :) Especially great to see an IPO from a company that isn't exploiting privacy, or gig workers, and instead simply providing a great service.
After Cloudflare's announcement this is likely a last act as people move away. Good luck if you invest but I can see them filing for bankruptcy in 2-5 years.
Earlier quoted context omitted.
Backblaze makes 73% of their revenue from computer backups. I do not see how the Cloudflare announcement will eat into that. I would agree that B2 is their high growth area, but I do not think Cloudflare directly opposes B2.
If the majority of their business is personal backups then the business is already in a decline. I've looked at them multiple times, and Google Drive and OneDrive are both much better deals.
Can you go into why Google Drive is a better alternative? I can see 2 TB for $100/yr, but I don't think the products are exactly the same.
Earlier quoted context omitted.
Backblaze makes 73% of their revenue from computer backups. I do not see how the Cloudflare announcement will eat into that. I would agree that B2 is their high growth area, but I do not think Cloudflare directly opposes B2.
If the majority of their business is personal backups then the business is already in a decline. I've looked at them multiple times, and Google Drive and OneDrive are both much better deals.
>” In the years ended December 31, 2019 and 2020, our revenue was $40.7 million and $53.8 million, respectively, representing growth of 32%. We incurred net losses of $1.0 million and $6.6 million for the years ended December 31, 2019 and 2020, respectively”