[gruez]

>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]

how 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.

[gruez]

Anecdotally 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]

I would've guessed their B2 business is much bigger than the personal backups side.

[geerlingguy]

They'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.

[conradfr]

Maybe you know their entire customers base.

I know nobody who use them, so it all balances itself.

[anon7000]

I mean, my B2 monthly bill is like 17 cents.

If they don’t have enterprises and people storing large amounts of data...

[ramraj07]

Turns out big enterprise was right in not adopting such a small player lol.

[j45]

Appreciate the intro to Wasabi, happy to learn about others too while evaluating backblaze.