Latest news with #Backblaze
Business Upturn
15-06-2025
- Business
- Business Upturn
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On April 24, 2024, during market hours, issued an article entitled, 'Backblaze stock plunges amid Morpheus Research report.' This article stated that Backblaze 'saw its shares plummet' as a result of a 'scathing short report from Morpheus Research. The report detailed a series of alleged financial missteps and questionable practices since the company's initial public offering (IPO) in November 2021.' The article further noted that Morpheus's report 'highlights questionable accounting practices, including financial manipulations and inflated forecasts to pass audit thresholds.' On this news, Backblaze stock fell 2.1% on April 24, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
Associated Press
15-06-2025
- Business
- Associated Press
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On April 24, 2024, during market hours, issued an article entitled, 'Backblaze stock plunges amid Morpheus Research report.' This article stated that Backblaze 'saw its shares plummet' as a result of a 'scathing short report from Morpheus Research. The report detailed a series of alleged financial missteps and questionable practices since the company's initial public offering (IPO) in November 2021.' The article further noted that Morpheus's report 'highlights questionable accounting practices, including financial manipulations and inflated forecasts to pass audit thresholds.' On this news, Backblaze stock fell 2.1% on April 24, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
National Post
10-06-2025
- Business
- National Post
Enterprise Strategy Group Analysis Shows Up to 3.2x Lower Total Cost of Ownership (TCO) with Backblaze B2 Cloud Storage
Article content Independent analysis proves businesses can unlock innovation with up to 56% lower monthly storage cost and up to 100% lower cost of downloads and transactions Article content SAN MATEO, Calif. — Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the release of an independent third-party economic validation report conducted by Informa TechTarget's Enterprise Strategy Group (ESG). The report confirms that Backblaze B2 Cloud Storage delivers significant reduction in total cost of ownership (TCO) compared to legacy hyperscalers. In addition to more predictable pricing and cost savings, Backblaze B2 also enables operational simplicity and improved business agility, with up to 92% less time and effort to manage data, and reduced risk through its enterprise-grade, secure, and compliant platform. Article content The ESG analysis, titled 'Economic Validation: Analyzing the Economic Benefits of Backblaze B2 Cloud Storage,' validates the affordability and operational advantages of Backblaze B2, including its transparent pricing model, 3x free egress, significantly lower TCO, and simplified storage operations when compared to solutions from alternative cloud storage providers. Article content Specifically, the ESG report validated these benefits of Backblaze B2: Article content The report also highlighted Backblaze's migration advantages, with organizations achieving up to 89% savings on data migration from on-premises environments and up to 91% savings on cloud-to-cloud migrations. Article content All these benefits were validated across all use cases for Backblaze B2, including hosting content, developing and running applications, storage for AI models, managing media, backing up and archiving data, and protecting against ransomware. Article content Marc Suidan, Backblaze Chief Financial Officer said, 'When enterprises can reduce their total storage costs by more than a third while eliminating complex tier management, businesses can innovate by re-investing the savings to fund expansions, speeding development, and ultimately improving their bottom line. With 3x free egress and a lower monthly storage cost, enterprises can more easily access and leverage their data—free from vendor lock-in.' Article content To read the full ESG report, visit Article content Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling them to use their data in open cloud workflows with the providers they prefer at a fraction of the cost. Headquartered in San Mateo, CA, Backblaze (NASDAQ: BLZE) was founded in 2007 and serves over 500,000 customers in 175 countries around the world. For more information, please go to Article content Article content Article content Article content Contacts Article content Press Contact Article content Article content Article content Article content
Tom's Guide
10-06-2025
- Tom's Guide
macOS Tahoe 26 is ready to try out — here's how to download the developer beta
Apple has finally unveiled macOS Tahoe 26 at WWDC 2025, and that means developers are already working on new apps to mesh with the future of macOS. There's a lot to adjust to, including a new "Liquid Glass" design aesthetic, new file and folder customization options and improved access to Apple's AI features. Apple has released a developer beta of macOS Tahoe 26 so that teams around the world can start adjusting, and that means anyone willing to jump through the hoops of getting recognized as a developer can download the beta While that may sound like a hassle, there's a good reason: Apple's initial beta software is unfinished, might be buggy and could give you a real headache if you install it on a machine you depend upon. It's also not the only way to try out macOS 26 prior to the full release later this year. A public beta of the Mac software will come out in July that figures to be more reliable if still incomplete. For those willing to take the plunge right away, here's a quick guide to how to download the macOS 26 Tahoe developer beta. These days Apple makes downloading even the earliest developer beta a fairly straightforward process. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. But first, you need to make sure your Mac is compatible. Here's the full list of Macs that can install and run macOS Tahoe 26: If your Mac is on the list, you're good to go. One important thing to do before installing beta software: back up your Mac! You could use Apple's built-in Time Machine feature or a reputable third-party service like Backblaze — our guide to the best cloud storage solutions offers even more recommendations for you. Ready? Let's download macOS Tahoe 26. First things first: Open the System Settings menu on your Mac by clicking on the Apple icon in the top-left corner, then selecting "System Settings" from the drop-down menu. Next, navigate to the Software Update section of your General settings menu. To get there, click General in the left-hand menu of the System Settings menu, then click Software Update. Next, make sure the Beta Updates setting is switched to On. If it's switched Off, turn it on by clicking the corresponding button. When the Beta Updates menu opens, select macOS Tahoe 26 Developer Beta from the dropdown menu. Once that's done you should see the macOS Tahoe 26 developer beta appear as available to download. All you have to do now is hit the Upgrade Now button to start downloading the macOS Tahoe 26 developer beta and you're good to go! That's all you need to do to get started with macOS Tahoe. Once the download complete, your Mac should restart and give you your first glimpse of the future of macOS. Again, this is unfinished software so don't be surprised if you encounter any issues or strange behavior. Apple's software betas are usually pretty stable, but you want to be sure you backed up your Mac so you can roll back to a clean install if things go awry!
Yahoo
07-06-2025
- Business
- Yahoo
Backblaze Secures Credit Line to Strengthen Financial Position
Backblaze, Inc. (NASDAQ:BLZE), a specialist in cloud storage solutions, has disclosed the $20 million senior secured revolving credit facility with Citizens Bank. With a market capitalization of $318.244 million and an impressive 22% revenue growth in the past year, the company's move is directed towards improving liquidity and strengthening growth initiatives. Completed as of March 31, 2025, the launched credit line enhances the company's financial flexibility, which matches the giant's liquidity position, standing at over $50 million in cash and marketable securities. The credit facility offers borrowing capacity at an interest rate that is either associated with the adjusted Secured Overnight Financing Rate (SOFR) and an additional 3.25% margin, or an alternate base rate with a 2.25% margin. While the initial term of the loan is two years, a one-year extension option is also on the table. A data center operator working on a rack of servers, emphasizing the company's cloud services. Management has expressed great optimism about this collaboration with the bank, highlighting that the terms support the company's financial footing while keeping costs relatively low. The deal includes typical terms like financial covenants, standard clauses, and usual fees. Backblaze, Inc. (NASDAQ:BLZE), headquartered in California and founded in 2007, is a storage cloud platform. The core offerings of the company include cloud services, Backblaze B2 Cloud Storage, and Internet of Things. From individuals to organizations, the cloud powerhouse serves a wide clientele. While we acknowledge the potential of BLZE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
