91–100 of 300 posts
> 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.
"Fickle"? I've been a subscriber to the unlimited tier since seemingly forever, and I didn't realize it was now $7/mo instead of $5/mo. I think in the aggregate, subscriptions are pretty sticky due to inertia, etc.
""Fickle"? I've been a subscriber to the unlimited tier since seemingly forever, and I didn't realize it was now $7/mo instead of $5/mo. I think in the aggregate, subscriptions are pretty sticky due to inertia, etc." I wish that were the case and I wish that all customers were like you. However, I have been tracking - and discussing - these rates with this target market for longer than Backblaze has existed and 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!
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…
For a backup service they have too many ifs and gotchas. I’d personally stay as far away from them. I’d rather want something that charges more and doesn’t offer that gimmicky unlimited storage and gives me unlimited versioning and external media and doesn’t delete anything as long as I’m paying and am within my storage limit. That simple. That’s why I preferred CrashPlan which had a desktop app much less polished th…
Their periodic drive failure reports and whatnot tell me that they probably have a lot of their other shit together as well - always a gamble but I’d rather invest in a company with their product together and the biggest worry of them being acquired versus something flashy
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?
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…
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…
Are you affiliated with rsync.net, competing with BackBlaze? Is the major difference with rsync.net that they charge per GB?
I don't think we are competitors.
I have publicly criticized flat-rate storage pricing for many years[1].
That being said, I wish them good luck and will watch with great interest.
[1] https://blog.kozubik.com/john_kozubik/2009/11/flat-rate-stor...