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May 10, 2013 04:00 pm GMT
Rackspace will open trading this morning on the New York Stock Exchange with a share price that dropped nearly 25% on Thursday. The stock dropped after the company missed its earnings, raising concerns the cloud price wars with giants like Amazon Web Services are taking its toll.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_DBwZuKeYyw/
Rackspace Share Price Down 25% As Cloud Price Wars Take Their Toll
Rackspace will open trading this morning on the New York Stock Exchange with a share price that dropped nearly 25% on Thursday. The stock dropped after the company missed its earnings, raising concerns the cloud price wars with giants like Amazon Web Services are taking its toll.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_DBwZuKeYyw/
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