41–50 of 300 posts
I have paid for Backblaze for 4 years, after signing up for two 2 year subscriptions a few years apart. I have never got it to backup my files ever. Their settings dialog integrates with macOS preferences and freezes while it scans for files to backup without giving me any status update. It uploads so damn slowly it’s pretty useless. If I was to move/rename things around it would take weeks more to reupload. Every ti…
Good luck Backblaze! It is a tough market for sure, especially with recent announcement from Cloudflare.
> We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future. Fundamentals seem solid, gotta get me some of those shares!
If you're confident, short it. Make some money.
I find this part interesting - of the ~500,000 customers, 70,000 are B2 customers and 430,000 are "backup" customers ... which are flat-rate "unlimited" users. These flat-rate users are very fickle and price-sensitive. If you peruse subreddits related to cloud storage or online backup, etc., they are filled with very picky users who expect the product to be free - or close to free. It's a fools errand to pursue this…
And then the other 10,000 are data hoarders like me with Terabytes of data.
I used to be a Crashplan customer - tried them and Backblaze, and liked Crashplan more. They eventually pivoted to Business only.
I was at AWS Re:invent and came up to their booth and bemoaned the loss of a great service. They said "How much data were you backing up?" I told them. They said "yeah, we lose a ton of money on every user like you."
Fair enough!
I have paid for Backblaze for 4 years, after signing up for two 2 year subscriptions a few years apart. I have never got it to backup my files ever. Their settings dialog integrates with macOS preferences and freezes while it scans for files to backup without giving me any status update. It uploads so damn slowly it’s pretty useless. If I was to move/rename things around it would take weeks more to reupload. Every ti…
I find this part interesting - of the ~500,000 customers, 70,000 are B2 customers and 430,000 are "backup" customers ... which are flat-rate "unlimited" users. These flat-rate users are very fickle and price-sensitive. If you peruse subreddits related to cloud storage or online backup, etc., they are filled with very picky users who expect the product to be free - or close to free. It's a fools errand to pursue this…
> We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future. Fundamentals seem solid, gotta get me some of those shares!
Earlier quoted context omitted.
If you're confident, short it. Make some money.
Serious question asked from a place of naïveness: how do you short at IPO assuming one doesn't already have stock?
You cannot short post IPO until the stock becomes marginable.
What you can do, if have a lot of $$, is have one of the desks immediately at after the IPO write you a synthetic short position using an over the counter option.