Backblaze responds to claims of “sham accounting,” customer backups at risk
Backblaze went public in November 2021 and raised $100 million. Morpheus noted that since then, “Backblaze has reported losses every quarter, its outstanding share count has grown by 80 percent, and its share price has declined by 71 percent.” Following Morpheus’ report, Investing reported on Thursday that Backblaze shares fell 8.3 percent. Beyond the financial… Read More: Backblaze responds to claims of “sham accounting,” customer backups at… »