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>Article says they're losing customers to Wasabi, but as far as I can see on a quick perusal of their website, Wasabi is just straight storage? That's addresse
by gruez 2y ago
>Article says they're losing customers to Wasabi, but as far as I can see on a quick perusal of their website, Wasabi is just straight storage?
That's addressed in the article:
>Since 2021, Backblaze’s B2 Cloud Storage segment revenue growth has outpaced its legacy Computer Backup segment. In Q4 2024, the company announced that its B2 Cloud Storage segment generated $17.1 million in revenue, surpassing its Computer Backup revenue of $16.7 million.
Even if Wasabi isn't a straight replacement for Backblaze's entire business, it's a replacement for its biggest and fastest growing segment.
- nikisweeting 2y agohow in the world do they only make $17.1 in revenue, everyone I know is on BackBlaze, even if they're only used by techy people I'm surprised they're not making $100m+/quarter.
- geerlingguy 2y agoThey're cheap (the reason many people use them), and the number of people we know that use them is ridiculously outsized compared to the general population, because we know people in the tech sphere.
- gruez 2y agoAnecdotally most people, even "techy people" don't do actual backups. At best, they have icloud/google backup turned on for their phone, and upload important files are on dropbox/onedrive.
- nikisweeting 2y agoI would've guessed their B2 business is much bigger than the personal backups side.
- conradfr 2y agoMaybe you know their entire customers base. I know nobody who use them, so it all balances itself.
- anon7000 2y agoI mean, my B2 monthly bill is like 17 cents. If they don’t have enterprises and people storing large amounts of data...
- ramraj07 2y agoTurns out big enterprise was right in not adopting such a small player lol.
- j45 2y agoAppreciate the intro to Wasabi, happy to learn about others too while evaluating backblaze.