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Peak Hosting drops basket with big golden egg, files for bankruptcy

By Mark / June 16, 2016
Peak Hosting CEO Jeffrey Papen
Peak Hosting CEO Jeffrey Papen

Oregon data center Peak Hosting has retreated from a “massive growth trajectory” and has laid off three quarters of its workforce (peaked at 200 f/t employees, now down to 50) and filed for bankruptcy after losing it’s biggest customer: mobile gaming company Machine Zone. The lost client was worth a reported $4 million/month in lost revenues.

 

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