Home > News > FILE-SHARING SITE MEGAUPLOAD IS SHUT DOWN

FILE-SHARING SITE MEGAUPLOAD IS SHUT DOWN

January 19, 2012 Leave a comment Go to comments

Kim Schmitz founder of Megaupload

CBS News reports that file-sharing website Megaupload has been shut down by federal prosecutors, and it’s employees have been indicted.

Producer and husband of singer Alicia Keys Swizz Beatz is the website’s CEO.

According to Forbes Swizz Beatz (real name Kasseem Dean) is not CEO of Megaupload and was not charged in the investigation. His lawyer, Ira P. Rothken disclosed,

“He was in conversations to be named CEO. His involvement in the company was highly attenuated. There were discussions and he was involved in a promotional video and in brainstorming future projects, but not much else”.

The indictment claims the company has been accused of “costing copyright holders more than $500 million in lost revenue.

….

Well it was fun while it lasted Megaupload. It’s the end of an era.

Rest In Peace :(

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  1. lechatnoir
    January 19, 2012 at 10:03 pm | #1

    Oh lawd ! this is a sad state of affairs. They had already killed rapishare and hotfile now this. This will end in tears. We need Nubianupload now.

  2. January 19, 2012 at 10:38 pm | #2

    if these companies were smart they would sell all their shows on dvd to all nations of the world for the cost the local bootlegs do. people will buy their products because the prices are real. fair trade global trade but your not giving access to everyone. does not make sense.

    mmm well another site will take its place – demand supply but hey swizzle beatz. either he is a genius or not clever. his own stuff must have been on that site so he technically did not lose out.

  3. January 20, 2012 at 12:06 pm | #3

    Err…he didn’t make the company, he never owned it – Kim Dotcom. Dude came too late to reap the benefits. Plus, megaupload/megavideo had already been pissing me off with their limits & whatnots.
    @lechatnoir, rapidshare killed itself, those waiting times are atrocious. And both RS and HF are still alive. Now if MediaFire decides to pull a RS and/or gets shut down, then I would really be in tears.

    Now this is pure comedy.

  4. lati
    January 20, 2012 at 4:01 pm | #4

    ‘He was in conversations to be named CEO’, well that was a lucky escape. *phew*

  5. Chico-Rei
    January 20, 2012 at 4:29 pm | #5

    Damn

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