3 ms·

What happened to Rackspace?

• chx 4y ago
  Once upon time the name Rackspace meant quality and the utmost in customer support. You paid for that, of course. In 2015 Prashanth Chandrasekar became Vice President and GM of the company -- the leader in all but name. In 2016 Apollo Global Management bought the company and took it private. The rest, as they say, is history. Sad history. And yes, he is 100% to blame. Or, from his and Apollo's perspective, to praise. Gutting a company this big brings in a lot of dough. It took him two years to sell Stackoverflow. It's a harder sell, after all, than Rackspace.