Feds seize $50 million in Megaupload assets, lodge new charges

Re:Feds seize $50 million in Megaupload assets, lodge new ch... by rickmatt on Saturday February 18, 2012 @10:24PM (#3608550)

I never used Megaupload. Never saw their site before the takedown notice went up, so I don't know anything about their business model. But where did they get $50M in assets? I have seen the number $175M as a subscription revenue number, but how did they rake in that much in subscriptions? That's a huge number.

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Re:Feds seize $50 million in Megaupload assets, lodge new ch... by ObviousThrow14 on Sunday February 19, 2012 @02:42AM (#3608890)

rickmatt, I see you are a new user; please ignore the condescending tone in the replies from wmf and publicus. I thought I would never say this: the comments section on the linked Ars article is more helpful than HN (and much less condescending).

Despite everything pg has tried to keep September from arriving, the September that never ends has arrived. And by now it should be obvious why the eternal September is here. It's because the problem is _people_ and this is one problem technology will never solve.

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Re:Feds seize $50 million in Megaupload assets, lodge new ch... by wmf on Saturday February 18, 2012 @11:59PM (#3608688)

People paid to download files from MegaUpload. Apparently a lot of people.

(Instead of posting a comment admitting that you know nothing, maybe next time you could just Google it.)

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Re:Feds seize $50 million in Megaupload assets, lodge new ch... by publicus on Saturday February 18, 2012 @10:57PM (#3608609)

If you provide a service people wants, they will pay. Is it really that surprising?

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