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• portnull@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

  It was some dodgy accounting accusations/reveals arstechnica.com/…/backblaze-responds-to-claims-of…

  For me it was an excuse to try something new and cover my ass just in case this didn’t pan out. But overall it looks to have blown over

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  • bitwyze@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    theregister.com/…/backblaze_sham_accounting_claim…

    Backblaze strongly denies all the allegations, and claims instead that Morpheus is attempting to manipulate its stock price for financial gain. The firm admits to holding short positions in Backblaze shares.

    Not saying that the Morpheus report isn’t true, but that’s a pretty damning conflict of interest.

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    • ppb1701@ppb.social ⁨3⁩ ⁨weeks⁩ ago

      @bitwyze @portnull Yeah regardless of accuracy....it really looks like let's tank the stock and make out like a bandit.

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