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File hosting service RapidShare shutting down this March

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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