MegaUpload Made $175 Million In Revenue With 180 Million Users
By now the news of the takedown of popular file sharing website Megaulpoad.com must have spread far and wide to all corners of the globe. Now people are busy piecing together bits of information to present the true scale of what occurred and why the US government felt justified in taking down the site.
Many are pointing to the colorful life of its founder, Kim Dotcom,; but other are also pointing to the fact that since being founded in 2005, the site has had several run-ins with the law and other big industry players. Megaupload had a big spat with Google over Adsense payments, and even had several lawsuits filed against it in the US.
But perhaps what is more telling about the saga is the fact that at over the course of its life, the site made about $175 million in net revenue. This amount of cash of course necessitated a sizable staff, and the site is reported to have employed more than 55 people to manage its daily influx of traffic and data sharing. There are a reported 180+ million users registered worldwide, many of which are considered to be legitimate file sharers of non-copyrighted material. The fate of their uploads is still up in the air as at this writing.
It’s difficult to tell but if the site made so much money, it’s going to be hard to disaggregate what was made through legit means and what was not.
Are sites like Megaupload bad for the web? Share your thoughts below.
(Source: sitetrail.com)
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