[ac29]

Oof, 20% increase in B2 pricing. I suppose a price increase was inevitable, but thats a pretty big jump.

Now that they are publicly traded, you can see their financials and they have been losing money every quarter. This price increase doesn't appear to be because it is more expensive to store data and provide their services on top of that - gross margins are roughly the same as a year ago.

Instead their increasing losses appear to be entirely due to an increase in staff costs, which are growing faster than their revenue. Last quarter, they spent $10M on R&D, $10M on sales and marketing, and $6M on general and administrative. These operating expenses were actually greater than their revenue, which means even if hard drives and the other associated costs of revenue were $0, they would still have lost money.

[mappu]

Wasabi are B2's biggest competitor, and they just raised their prices to $7, so B2 are still staying $1 cheaper.

[krisknez]

Are they a competitor? Wasabi doesn't have public access buckets while Backblaze has.

[mappu]

Wasabi's docs talk about public access buckets: https://docs.wasabi.com/docs/public-access-enabledisable

[OnlyMortal]

My experience of Backblaze with its S3 API was that it was fantastically slow in comparison to Wasabi.

I was using my nearest endpoint.