Rackspace stock plunges as email service outage caused by ‘security incident’ persists

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Rackspace stock plunges as email service outage caused by ‘security incident’ persists
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The San Antonio-area company’s shares were down about 10 percent Monday morning as it...

Rackspace Technology’s shares fell Monday morning as the outage affecting Hosted Exchange customers persisted.’s stock price were down nearly 10 percent Monday morning as an outage the company attributed to a “security incident” stretched into a fourth day.

“We have successfully restored email services to thousands of customers on Microsoft 365 and continue to make progress on restoring email service to every affected customer,” the company said Monday morning.

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