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ExtraTorrent.cc > Articles > Kim Dotcom Fights His Own Service

Kim Dotcom Fights His Own Service

Kim Dotcom Fights His Own Service

Added: Wednesday, April 27th, 2016
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2016
The war between Kim Dotcom and the site he founded, Mega, escalates. A few days ago, Dotcom warned Mega users to back up their files. In response, MEGA criticized the entrepreneur's business plans, pointing out that Dotcom’s MegaNet project has failed to materialize. Dotcom replied that Mega is losing a million dollars per month.

Only 3 years ago, the new file-hosting platform was the apple of Kim Dotcom eye, but now that warmth has turned to aggression. The MegaUpload founder has previously made derogatory statements about Mega, which he no longer has a stake in, describing the key Mega shareholder Bill Liu as the “5th most wanted criminal in China.” Dotcom also pointed out that Mega has diminishing ways to process payments from its customers and recommended Mega users to back up their files.

Now things got much more personal: Mega attacked Kim Dotcom’s political ambitions with the Internet Party and claimed that he tried to reinvest money in Mega as late as 2015. The company revealed that Dotcom’s family trust twice subscribed for new shares in Mega in 2105. At the end of the year, Dotcom applied to the NZ court for approval to borrow $0.7 million to subscribe for further shares in Mega, but the court declined. Mega believes that it was the moment when Dotcom started making negative comments about the company without any factual basis.

In response, Mega’s operators published Dotcom’s earlier tweets heralding the arrival of MegaNet. The latter is a non-IP address based network based on blockchain technology. Dotcom replied that Mega is losing $1 million per month.

In any case, keeping backups of files is extremely important, and the MegaUpload’s fate should have underlined that.

Thanks to TorrentFreak for providing the source of the article.

Posted by: 

Date:  Wednesday, April 27th, 2016

Comments (3) (please add your comment »)

posted by Trusted UploaderSite FriendET junkieET loverSupermanSun (2016-04-27 14:30:54)
bone111 avatarYear 2105 lol

posted by (2016-04-29 02:01:43)
No avatarwe are miss you megaupload one of the biggest file sharing in the history

posted by Trusted UploaderSite FriendET loverSupermanmen (2016-04-30 22:30:16)
analogkid6103 avatarI never used them and I had a feeling they was in for a storm of trouble

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