Media Coverage

Wall Street Journal: Lures Businesses to the Cloud With Rate Cut Inc. lowered rates on computer storage it rents over the Internet, as the company applies its strategy of aggressive pricing to cloud computing.

The Seattle-based company cut its price plans by more than 10% for the first 500 terabytes of data that customers store in Amazon’s Internet-based S3 service, which is used for hosting media, backing up files and storing data for businesses to analyze. A terabyte is double the amount of space on a typical laptop computer’s hard drive.

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