Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Glancy Prongay Wolke & Rotter LLP issued a solicitation encouraging Rackspace Technology investors to serve as lead plaintiff in a securities fraud class action. The complaint alleges the company failed to disclose that enterprise AI efforts would shift resources away from the profitable Private Cloud segment and that Public Cloud revenue was declining due to hyperscale competition.

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