Joe Karaganis has a must-read post on the piracy figures involving Megaupload, as he persuasively argues that the profitability of piracy on cloud storage sites is massively overstated.

One Comment

  1. Great article but it could stress more that many of these sites do have operating costs as far as hosting their sites. A lot of smaller sites end up breaking even once their “revenue” is applied to their costs.