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.

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.