Swiss file hosting service RapidShare is downing its shutters on March 31 after about 12 years of operation.
It appears that the company’s attempt to stay relevant as a cloud storage service in recent years was unsuccessful. Many players including Dropbox, Google and Microsoft offered online storage for personal use at significantly lower prices.
For comparison, RapidShare charges roughly $680 per year for 300GB of space; Dropbox charges just $99 a year for 1TB.
➤ RapidShare [via TechCrunch]
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