File-Sharing Site Megaupload Shut Down by FBI

The Takeaway

Megaupload.com one of the world’s most popular file-sharing sites was shut down yesterday on charges that it illegally shared movies, TV shows, and e-books. A federal indictment accuses the company of costing copyright holders at least $500 million in lost revenue. In retaliation hacker groups went after several Web sites including those of the Justice Department and Universal. Ira Rothken  is a lawyer for Megaupload.com.

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