We have Fourier-analyzed 941 K2 light curves (LCs) of likely members of Praesepe, measuring periods for 86% and increasing the number of rotation periods (P) by nearly a factor of four. The distribution of P versus -( ) V K s , a mass proxy, has three different regimes:, where the rotation rate rapidly slows as mass decreases; 1.3< -( ) V K s <4.5, where the rotation rate slows more gradually as mass decreases; andwhere the rotation rate rapidly increases as mass decreases. In this last regime, there is a bimodal distribution of periods, with few between ∼2 and ∼10 days. We interpret this to mean that once M stars start to slow down, they do so rapidly. The K2 period-color distribution in Praesepe (∼790 Myr) is much different than that in the Pleiades (∼125 Myr) for late F, G, K, and early-M stars; the overall distribution moves to longer periods and is better described by two line segments. For mid-M stars, the relationship has a similarly broad scatter and is steeper in Praesepe. The diversity of LCs and of periodogram types is similar in the two clusters; about a quarter of the periodic stars in both clusters have multiple significant periods. Multi-periodic stars dominate among the higher masses, starting at a bluer color in Praesepe ( -( ) V K s ∼1.5) than in the Pleiades ( -( ) V K s ∼2.6). In Praesepe, there are relatively more LCs that have two widely separated periods, D > P 6 days. Some of these could be examples of M star binaries where one star has spun down but the other has not.