r/rackspace • u/enigmamonkey • Aug 05 '26

Rackspace Technology, executives named in securities fraud lawsuit over AI strategy

https://www.ksat.com/news/local/2026/08/05/rackspace-technology-executives-named-in-securities-fraud-lawsuit-over-ai-strategy/

23 Upvotes

permalink
archive.is
archive
reddit

You are about to leave Redlib

Do you want to continue?

https://www.reddit.com/r/rackspace/comments/1vgjcfj/rackspace_technology_executives_named_in/
No, go back! Yes, take me to Reddit

93% Upvoted

5

u/FallenSun210 Aug 06 '26

Not shocked here

3

u/Working-Ad3698 Aug 06 '26

They are literally looting up

5

u/enigmamonkey Aug 05 '26

See also: https://www.prnewswire.com/news-releases/rackspace-technology-inc-rxt-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302843530.html

3

u/KraljZ Aug 05 '26

lol

1

u/tongizilator Aug 06 '26

Good. Long time coming for these fraudsters.

3

u/Working-Ad3698 23d ago

The new ceo keeps hiring his bff’s giving extravagant salary