One of the most popular file-sharing service, RapidShare, has called it quits. It has announced that it will shut down the service on March 31.
After March 31, all accounts will no longer be accessible and get deleted automatically. The service also states that customers will be able to use Standard Plus (€49.99 per month) and Premium (€99.99 per month) subscriptions only until February 28.
RapidShare has also asked its users to secure and move all the data until March, as there won’t be an option to retrieve it in April.
Founded in May 2002, RapidShare was a one-click file hosting service that was once among the world’s 50 most popular websites. According to VentureBeat, the service claimed to have 10 petabytes of files uploaded to its servers in 2009, and had hundreds of millions of visitors per month in 2010. It was quite popular and grew quickly as pirates used it often to swap various content, adds the report.
The site hasn’t explicitly disclosed any reason for the closure. It hasn’t even updated its social media pages, for a while now. However, the increasing cloud-based file sharing sites is speculated to be one of the reasons why RapidShare has decided to shut shop.
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