Too legit to quit? Megaupload was headed for billion dollar IPO before Feds shut it down

Apparently Megaupload founder Kim Dotcom is under the impression that when companies go public, it means they are a legitimate business (see Enron, Groupon, etc). Pirate news site TorrentFreak reports that before it was shut down by U.S. authorities, Megaupload was preparing for a billion dollar IPO, and had contacted major accounting firms to have its business audited.

Quantenna raises astounding $79M round so you can have wire-like wireless networks

Based on conventional wisdom, Quantenna shouldn’t exist as a startup maker of Wi-fi chips. It has huge competitors among chipmakers Broadcom, Marvell, and Qualcomm-Atheros. But Quantenna is announcing a gargantuan $79 million funding round today because it has figured out how to do Wi-Fi chips that are faster and have greater range than its rivals.

Startup shootout: How to hurt your mobile performance

Editor’s note: Keynote Systems’ Startup Shootout Index provides some insight into the three-screen challenge now facing anyone with a web presence. It’s the first website performance index to measure load times and completion percentages on desktops, smartphones, and tablets simultaneously. VentureBeat is Keynote’s exclusive media partner, so we’ll be bringing you a fresh set of data from Keynote every month. See below for the full data set, click here to see a larger summary graph, and check out previous Startup Shootout results.

ACTA reeks of death: European Parliament urged to reject the anti-piracy treaty

The European air is rife with the stench of death, which means two things: first, that the highly controversial Anti-Counterfeiting Trade Agreement (ACTA) is unlikely to gain approval from the 27 members of the European Parliament. And second, the members of Anonymous have further justification for wearing those masks with the iconic smirk from V for Vendetta .

E-commerce investments have popped sharply up in recent years (analysis)

The e-commerce industry has broadened in scope in recent years. Originally confined to transaction activity between large financial institutions, e-commerce then expanded in the 1970s and 1980s to include what was termed “EDI” (Electronic Data Interchange) between large companies who could afford the dedicated computing power and related IT department.