Backblaze's Financial Troubles Spark Data Backup Concerns

Cloud backup provider Backblaze, which went public in 2021, has been consistently losing money, with its stock price plummeting 71%. A recent report suggests Backblaze may face bankruptcy, raising concerns about the security of user data. Backblaze denies the report, claiming its financial data is accurate and its service is stable and reliable. However, the company's continued massive losses and negative reports still leave users worried about the security of their data backups, highlighting the importance of a robust backup strategy.