Morpheus Research (via Juan Báez, Hacker News): Since its November 2021 IPO, Backblaze has reported losses every quarter, its outstanding share count has grown by 80%, and its share price has declined by 71%.In October 2024, two former senior employees filed suit against Backblaze, alleging accounting fraud, inflated projections, and whistleblower retaliation.[…]4 months into selling […]