RapidShare terminates its file-sharing service on March 31

RapidShare which used to be the most renowned file-sharing site on the web, has just disclosed that it will closing out its service until March 31, 2015. After the shutting down date all of the users’ accounts will no longer be accessible as they will be automatically scrubbed out.

A user-friendly site, RapidShare made its debut in May 2002 and immediately gained massive users. The site used to have enormous user base over the years and served as haven for pirates to store and swap their massive contents.

In 2009, the site disclosed that the uploaded contents on its platform reached 10 petabytes. One year later, the company revealed that it had hundreds of millions of visitors monthly and barged into the list of 50 most popular websites in the world.

The site has stated that their present customers can continue their Standard Plus (€49.99 per month) and Premium (€99.99 per month) subscriptions until February 28, giving the users enough time to retrieve or transfer their contents.

RapidShare hasn’t disclosed the reason for its imminent closure. The company doesn’t have an active blog and still hasn’t posted yet on its Facebook Page and its Twitter account has been inactive since December 2013.

If you happen to have an account in RapidShare you have seven weeks to retrieve or transfer your content. Rapidshare said, “We strongly recommend all customers to secure their data.”

Increased competition with other services that have storage capability could have been the culprit of RapidShare shutdown.

RapidShare is a popular file-sharing platform that allows users to store their files without data cap limit, though the non-premium users are required to wait while downloading files especially. The subscribers can download large files simultaneously shortly after the waiting period has been eased out.

RapidShare just like other companies also had some shares of ups and downs. The company figured in legal battles from 2007 to 2012. And like other sites which provide the same service, RapidShare did not provide systems that detect illegal materials and remove contents with copyrights when requested.

Some courts from various part of the globe had reached a decision that RapidShare was responsible for its users’ illegal activities, while others defended that RapidShare should not be held liable for the illegal uploading of contents of the users that were then later downloaded.

RapidShare tried to work together with the entertainment industry and even attempted to rebrand its service as a personal cloud storage service for the past few years. But still the site’s users declined gradually and it came to a point that is no longer viable and worthwhile on the part of the users to continue subscribing for the service.

Closure is the only option for RapidShare and this will surely open the floodgate for users to shift to other file-sharing services in the coming days.

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