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   Backblaze: Mounting Losses, Lawsuits, Sham Accounting, Insider Selling (morpheus-research.com)
tl;dr

this is activist short seller report/investigation, some of the points made:

- never been profitable

- execs selling aggressively

- loosing customers to Wasabi

- accused of cooking the books

- being sued by former execs for anti whistleblower/wrongful termination

- execs leaving