Rackspace founder says it’s ‘on trajectory of death.’
> 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.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.The longer term Google/Meta stories are the rare exception. And that's not always a bad thing by any means.