Feds Shut Down Megaupload.com File-Sharing Website

According to the AP, Federal prosecutors in Virginia have shut down one of the world’s largest file-sharing sites, Megaupload.com, and charged its founder and others with violating piracy laws.

The indictment accuses the company of costing copyright holders more than $500 million in lost revenue from pirated films and other content.

The indictment says at one point, Megaupload was the 13th most popular website in the world.

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emily | 9:00 PM | Copypright Issues |
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