Rackspace Ends Strategic Review, Names New CEO

Rackspace announced plans to remain independent, causing a 17% drop in shares. Previously, shares spiked due to rumors of a CenturyLink acquisition, which would have helped CenturyLink compete with Amazon in cloud services. Rackspace, however, decided to continue independently and appointed Taylor Rhodes as the new CEO. Despite these changes, Rackspace shares remain flat year-to-date.

What was the immediate market reaction to Rackspace's announcement to remain independent?

• Shares decreased by 17%

• Shares increased by 5%

• Shares increased by 17%

• Shares remained unchanged

Which company was rumored to be interested in acquiring Rackspace?

• Microsoft

• CenturyLink

• Google

• Amazon

What was CenturyLink's primary motivation for wanting to acquire Rackspace?

• To enter the social media industry

• To diversify into hardware manufacturing

• To compete with Amazon in the cloud space

• To expand into the retail market

Who was appointed as the new CEO of Rackspace?

• Jeff McCracken

• Taylor Rhodes

• John Doe

• Alex Sherman

How did Rackspace's shares perform year-to-date after the CEO announcement?

• They increased significantly

• They decreased significantly

• They remained relatively flat

• They fluctuated wildly