It reported a 2.4 million loss in its second quarter, on 16.2 million in. That includes what has Altimeter Growth ( NASDAQ: AGC) falling, what to know about Hedera Hashgraph (CCC: HBAR-USD), as well as the news sending Lordstown Motors ( NASDAQ: RIDE) stock higher. In its S-1, Backblaze said it has about 500,000 customers worldwide and about 65 million in annual recurring revenue. InvestorPlace has all the latest stock news that traders need to know about today. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s plenty more news worth diving into below! They are also all still together working at Backblaze. These co-founders had been working together for 20 years before creating Backblaze.ĭuring that time, they launched two other companies. The company was created by seven co-founders that built their own storage solutions. It also offers a backup and recovery service for businesses, which has never been more important in the age of ransomware attacks. The company currently has about 500,000 customers across more than 175 countries. Backblaze's object storage service is called B2, and its primary selling point is cost: B2 is significantly cheaper than S3 and the similar options available from Microsoft and Google Cloud. Users can also make use of the company’s services to host content, manage media, build apps, and more. Neither tier provides fast access to files.7 F-Rated Stocks to Sell Before We Reach Christmasīackblaze is a cloud storage company that makes it easy for users to save their data. If you are storing data with very little intent to ever retrieve it, AWS's Glacier and Glacier Deep Archive tiers of storage are actually cheaper than Backblaze B2. You want a much simpler pricing structure to work with.You want cheap storage pricing but need fast and frequent access to your files.You are looking to store a backup of your data on another provider, or have to store data over long periods of time for archival and compliance purposes.□ Strongly consider Backblaze B2 over S3 if You need some of the more management-oriented native features on Amazon S3, like the ability to tag resources.AWS's Glacier and Glacier Deep Archive tiers of storage are actually cheaper than Backblaze B2, although neither tier provides fast access to files.
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