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.

EFF wants to help Megaupload users get files back from Feds

For those who haven’t been paying attention, here’s a quick recap: Megaupload was a cloud-based storage company that encouraged users to upload personal files and share them using its service. But the company and some of its employees were fingered in a 72-page indictment issued two weeks ago by the Department of Justice. The indictment against Megaupload alleges it is connected to a vast criminal enterprise that has caused more than $500 million in harm to copyright holders.

SocialFolders backs up your Facebook photos & Google Docs on your hard drive

With cloud computing all the rage these days, we often have files and bits of data that live exclusively on a server far away from our hard drives. And while that’s often really awesome, sometimes you want and need a backup of that information on your computer. Enter SocialFolders, a service that backs up your social and cloud data to your hard drive.