Google Cloud Push Hits Rackspace, Amazon Stocks
Shares of Rackspace Hosting (RAX), Amazon.com (AMZN) and Digital Realty Trust (DLR) fell on news Google (GOOG) has expanded its push into cloud computing services. Google announced commercial availability of its cloud computing service and price cuts in a blog post late Monday. Rackspace stock was down 2% in midday trading in the stock market today, while data center operator Digital Realty’s stock was down 4%. Amazon stock also was down nearly 2%