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.
A new mixtape from the hip-hop group SlumVillage and DJ/entrepreneur Mick Boogie debuts today, so last week the band began the delicate process of building buzz online. They partnered with the New York startup StereoGrid, which set out to promote the song via its music delivery platform, a service that allows artists to send music to music bloggers and press in a controlled and measured way.
File sharing site The Pirate Bay is no stranger to law enforcement, its offices were raided back in 2006, which led to four convictions. Now the team believes that authorities have obtained new warrants and are bracing for another crackdown.
While Americans were busy fighting the SOPA and PIPA bills at home, nations around the globe, including the United States, were signing on to ACTA, the Anti-Counterfeiting Trade Agreement, which many in the world of technology feel is as bad or worse than the home grown piracy legislation.
Image from Flickr user Uncle Catherine
This story originally appeared on CNET and is republished with permission.
Government officials have Megaupload founder and accused money-launderer Kim Dotcom right where they want him — locked up in New Zealand awaiting an extradition hearing — but that’s not stopping them from kicking the Internet mogul while he’s down.
The hosting companies that stored the files from Megaupload users’ digital lockers, Carpathia Hosting and Cogent Communications Group, have decided not to delete that data from its servers — at least temporarily.
Has Europe gone mad? A trade agreement most Americans have never heard of has sparked outrage and protests across the pond.
When Megaupload was shut down a week ago by the Department of Justice and FBI for allegedly profiting from copyright infringement, many of the service’s users complained that they lost personal, non-infringing files. Now those users are banding together to sue the government.
After employees of file-sharing services Megaupload were arrested, similar digital locker services FileSonic, FileServe, and others have stopped allowing users to share the files they upload with others,
Editor's Pick As the strange case of file-sharing site Megaupload continues to unfold, many wonder if the federal government will begin to clamp down on similar sites that function like Megaupload, with easy sharing and hosting of copyrighted files.
Following the news that the Senate is delaying a vote the Protect Intellectual Property Act (PIPA), House Judiciary Committee Chairman Lamar Smith (R-Texas) issued a statement today admitting that Congress may need to rethink its approach to thwarting piracy.
A vote on the highly debated proposed piece of legislation the Protect Intellectual Property Act (PIPA) has been postponed, Senate Majority Leader Harry Reid (D-NV) announced today.
Pop star Will.i.am endorsing MegaUpload
Federal prosecuters have shut down popular file-sharing site Megaupload.com and charged its founders with a number of felonies, according to a statement by the Department of Justice and the FBI.
Update: Google said that 4.5 million people have added their signatures to the SOPA/PIPA petition since this morning. Mark Zuckerberg also threw his hat in the ring, Silicon Alley had a rad protest and a bunch of legislators who sponsored these bills withdrew their support. The internet is really flexing its political muscle.