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A comment on Backblaze S-1 IPO. Parent comment

Re:Backblaze S-1 IPO by kevin_thibedeau on Monday October 18, 2021 @08:11PM (#28913479)
Car companies are going IPO without any product at all and no track record showing they can run a sustainable business.
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Re:Backblaze S-1 IPO by sam0x17 on Monday October 18, 2021 @11:24PM (#28914521)
A lot of investors/backers in that industry though are backing it literally because they want one, not because they think it's a good investment per say.
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Re:Backblaze S-1 IPO by thinkloop on Monday October 18, 2021 @11:55PM (#28914696)
SPACs don't even have a business idea, and they trade above cash. They literally sell the potential of possibly getting into some sort of business one day.
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