One of the world’s largest file-sharing sites on the internet was shut down today after its founder and several company executives were charged with violating piracy laws according to federal prosecutors. These charges accuse Megaupload.com of costing more than $500 million in lost revenue from pirated films as well as other pirated content for copyright holders. This happened a day after sites and companies, like Google, Wikipedia and Craigslist shut down in protest of the SOPA and PIPA proposals sent before Congress that were intended to stop online piracy.
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- Piracy Still Rampant After MegaUpload Takedown (webpronews.com)