RapidShare, a file-sharing service based in Switzerland has decided to close effective March 31, 2023. Started in 2002 RapidShare has long been a destination for hosting files on the Internet but not always to the pleasure of the copyright industry. The company has been trying to rebrand itself as a cloud storage site but it has not been very successful with the change. In 2013 RapidShare cut its workforce by 75 percent.
While RapidShare has certainly been losing users since their change to a more traditional cloud storage service it really comes as no surprise that they have now chosen to close. Cloud storage has become a very crowded space with many of the larger services like Google, Microsoft and Amazon becoming dominate.
The launch of MEGA, from former MegaUpload founder, Kim Dotcom certainly has not helped RapidShare since many of their users have probably moved on to the newer MEGA service.
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