Backblaze, which went public in November 2021, has reported financial losses each quarter since, including a recent net loss of $59.7 million in 2023. A report by Morpheus indicated that the company's share price has fallen 71%, raising alarm for customers relying on Backblaze for data backup. As shares dropped 8.3% after the report, concerns about the potential shutdown of Backblaze and loss of backups emerged. In defense, Backblaze's VP called the claims baseless, reaffirming the reliability of their services and commitment to innovation.
If Backblaze suddenly shuts down, customers might lose access to existing backups.
Our storage cloud continues to deliver reliable, high-performance services that Backblaze customers rely on.
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