It continues to surprise me why Backblaze still trades at a fraction of its peak COVID share price. A well-managed company with solid fundamentals, strong IP and growing.
Because they are bleeding money and they must sell stock to stay in business. Cool product, but I personally don’t want to buy something that doesn’t turn a profit and has negative free cash flow.
I feel very confident that in 30 years AWS, Azure and Google Cloud will still be operating and profitable.
I think there's a very small chance that Backblaze will be.
Nothing against them, but it's virtually impossible to compete long-term with the economies of scale, bundling and network effects of the major cloud providers.
Cloud providers AWS in particular uses storage and transfer pricing as means of lock-in to other products , they can never be cost competitive to Backblaze , they has a thriving prosumer business .
devoutsalsa|1 year ago
crazygringo|1 year ago
I think there's a very small chance that Backblaze will be.
Nothing against them, but it's virtually impossible to compete long-term with the economies of scale, bundling and network effects of the major cloud providers.
manquer|1 year ago
I don’t think it is going anywhere.