Rackspace founder says it’s ‘on trajectory of death.’
&gt; He puts the blame for Rackspace’s deepening financial struggles — it’s posted a steady string of quarterly losses, and the value of its stock has fallen 80 percent in the past year — on its replacement of tech-oriented leadership with board members and managers “who don’t have any connection with the product.<p>This seems to be the natural cycle for the vast majority of business, especially when the original founders leave or get pushed out. They enter a long period of stagnancy before the weight builds up and it collapses, or more often gets absorbed into a larger firm seeking a monopoly.<p>The longer term Google&#x2F;Meta stories are the rare exception. And that&#x27;s not always a bad thing by any means.