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If you put money on your shirt AND make public claims that you’re right and the shares are catastrophically overvalued, those two kind of cancel out.

They might be right that Backblaze is doing shady accounting, but they also might benefit from the perception the company is doing shady accounting.



We have people buying shares and arguing their thesis that the company is undervalued all the time.

Those people also stand to benefit yet many people see it as fundamentally different for reasons that escape me.




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