Backblaze responds to claims of "sham accounting", "customer backups at risk"

Related <i>Backblaze: Mounting Losses, Lawsuits, Sham Accounting, Insider Selling</i> (262 points, 3 day ago, 158 comments) <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=43802675">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=43802675</a>

TFA title seems odd. Article sez Backblaze has responded to the claims of &quot;sham accounting&quot; and (indirectly) to the claims that &quot;customers backsups [are] at risk&quot;, yet the title wording implies that the backups are at risk as a consequence of BB responding.

What makes a company like this lose so much money? I&#x27;m paying 15$ a month for years for a tiny tiny bit of hard drive space. Where does all the money go? What&#x27;s the big money sink with something like this?<p>I&#x27;m not doubting it, just would like to understand.

This might all be true but coming from a short seller seems off.

This is anecdotical, so take it with a pinch of salt, but I had a really bad experience with Backblaze, they lost ~80% of my files with no recourse for recovery.<p>They trust their pods too much and they fail in ways they cannot detect until you attempt to extract the data back.<p>If you use it, periodically download everything just to check it&#x27;s still there.

I always held BackBlaze up as one of the very few companies that went from initial value proposition, to taking investor funding to going public without enshittification.<p>I don’t have an opinion on the current controversy. My issue with BackBlaze is that they haven’t been aggressive enough about <i>raising</i> prices to be profitable. I gladly give companies money to give me a service.<p>I no longer use their service. But only because I took my plex server down years ago and copied my media to my AWS Account (S3 Glacier Deep Archive).

Which backup services would folks here recommend to replace and&#x2F;or supplement Backblaze? I have a lot of important files backed up there (photos, documents), some <i>only</i> there, so for the sake of redundancy I think it would make sense to find a second provider.

Oh. That sounds quite bad. Presumably in practice they would be acquired by Amazon rather than simply shut down service overnight.

Edit: See following comment.