Beta

Slashdot: News for Nerds

×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

MegaUpload Dares RIAA To Sue Them

timothy posted more than 3 years ago | from the come-and-take-it dept.

Piracy 255

Dangerous_Minds writes "Yesterday, there were reports that the RIAA and MPAA were working with Mastercard to cut off payments to so-called 'rogue-websites' like MegaUpload. Today, a spokesperson from MegaUpload issued a response to the RIAA on ZeroPaid. Bonnie Lam of MegaUpload said, 'the vast majority of our revenue is coming from advertising.' She also said, 'Megaupload is a legitimate business operating within the boundaries of the law. In five years of operation we have not been sued by a single content owner. If the RIAA or MPAA would have legal grounds they would have taken us to court by now. We suggest that they attack us within the legal system and stop labeling us until they have something to show.'"

cancel ×

255 comments

Interesting story behind MegaUpload (5, Informative)

devxo (1963088) | more than 3 years ago | (#34656854)

For those that don't know the story behind the guy of MegaUpload, MegaUpload and other sites in the same family, it's definitely an interesting one.. In summer TorrentFreak made an article called The Mega-Money World Of MegaUpload [torrentfreak.com] .

The whole article is interesting read, but here are some interesting bits:

Kim ‘Kimble’ Schmitz [wikipedia.org] is a quite unbelievable character. Born in 1974 in Germany, he grew to become a computer hacker, successful businessman and convicted criminal. In 1998 Schmitz received two years’ probation for hacking into corporate networks and abusing telephone services but the draw of big money was just around the corner.

In 2001 Schmitz pulled off a huge stock market bluff which netted him a small fortune. After buying shares worth hundreds of thousands of dollars in the almost bankrupt LetsBuyIt.com, he announced that he would invest 50 million euros in the company, but in reality he didn’t have the money. His declaration led to the biggest single-day rise on the German stock market which allowed Schmitz to sell his shares and pocket $1.5 million profit. He was arrested for insider-trading in 2002, sentenced to a term of 20 months and given a 100,000 euro fine.

Also in 2001, one of Schmitz’s companies loaned another one 280,000 euros and conveniently both went bust shortly after. Schmitz later pleaded guilty to embezzlement and received another two years probation.

According to a recent report from New Zealand, Schmitz is currently under investigation for using multiple names to register three luxury cars including a Rolls-Royce Phantom convertible. The cars are adorned with personal plates – GOD, WANTED and GUILTY.

The vehicles are registered to an address in Coatesville, New Zealand, which turns out to be a very special venue indeed – Schmitz’s newly-acquired mansion and the country’s most expensive house, a snip at just over $20 million USD.

An investigative piece found Schmitz in Hong Kong business records with the new name "Kim Tim Jim Vestor", allegedly having a Finnish passport, acting as director of several "Mega-" companies, among them Megaupload Ltd. and Megarotic Ltd.

As of 2008, Kim currently lives on the top floor of the Grand Hyatt in Hong Kong with his wife and child. He goes by an alias of “Kim Vestor.” http://www.gfy.com/showthread.php?p=15096149 [gfy.com]

Re:Interesting story behind MegaUpload (4, Interesting)

tomhudson (43916) | more than 3 years ago | (#34656914)

$1.5 million profit. $100,000 Euro fine and 20 months free room and board.

There are millions of people who would sign up for that sort of deal.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34656988)

Along with free dental and health care. Oh, yeah, and all the ass-pounding and salad-tossing you can take.

Re:Interesting story behind MegaUpload (2, Funny)

Anonymous Coward | more than 3 years ago | (#34657020)

Oh, yeah, and all the ass-pounding and salad-tossing you can take.

You're thinking of American prison. In Europe, they don't feel the need to provide their criminals with sex slaves.

Re:Interesting story behind MegaUpload (1)

Gerzel (240421) | more than 3 years ago | (#34657526)

I thought that depended on the country?

Re:Interesting story behind MegaUpload (1)

morethanapapercert (749527) | more than 3 years ago | (#34658106)

The European criminals provide their own sex slaves?

Re:Interesting story behind MegaUpload (5, Interesting)

Anonymous Coward | more than 3 years ago | (#34657024)

Have you seen most European jails? They aren't bad at all. Usually after a while you get a TV and maybe a game console in your room (and lots of other things if you want to order them), theres lots of activity every day, you can go on weekend holidays and the food is even better than what is offered to school kids. Lots of people don't like their tax money is used like that, but that's the way it is - being in jail in most of Europe is like taking a relaxing holiday.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657356)

but in some countries online games have been banned after some criminals used it to run their activity from jail. So better get something like Fallout 3 or Mass Effect 2 instead of Modern Warfare 2.

Re:Interesting story behind MegaUpload (1)

X0563511 (793323) | more than 3 years ago | (#34657684)

Something tells me that violent natured games are a hard sell in jail...

Re:Interesting story behind MegaUpload (5, Insightful)

Anonymous Coward | more than 3 years ago | (#34657374)

...and most Americans seem proud of the violent, racist prison system they have.

That's better?

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657438)

What an astonishingly ignorant statement.

Re:Interesting story behind MegaUpload (4, Insightful)

Gerzel (240421) | more than 3 years ago | (#34657540)

No our prison system is indeed violent and racist to what can be categorized as an astonishing degree.

Our prisons are violent relative to others in first world nations with more reported incidents per capita.

Our prisons do indeed have gangs split on racial lines and are havens to a certain extent for racism.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657608)

No our prison system is indeed violent and racist to what can be categorized as an astonishing degree.

Maybe we should put fewer criminals in prison and more law-abiding citizens. I'm sure they'd be much nicer places.

Just a thought.

Re:Interesting story behind MegaUpload (5, Insightful)

Local ID10T (790134) | more than 3 years ago | (#34657638)

Maybe we should put fewer criminals in prison and more law-abiding citizens. I'm sure they'd be much nicer places.

Just a thought.

That's how we manufacture the criminals needed to keep our prison system going.

Re:Interesting story behind MegaUpload (-1)

Anonymous Coward | more than 3 years ago | (#34657976)

I forgot that people are sent to prison so they can become criminals, thanks for the reminder.

Re:Interesting story behind MegaUpload (5, Insightful)

GooberToo (74388) | more than 3 years ago | (#34658036)

The US prison system makes very little effort to rehabilitate; contrary to popular myth. Its well known for making prisoners more violent and more proficient criminals. Furthermore, it creates a clearing house of criminal contacts for criminal activity on the outside.

And it gets even worse. The US system is set up to punish criminals for the rest of their life helping to ensure that once you enter the criminal system you have very little chance of ever making it out. Worse, they illegally strip their Constitutional rights so as to ensure they have no say in changing the system for the better; even after they've paid their price.

As first world industrialized countries go, the US prison system is one of the absolutely worst on the planet. And the US prison systems is the largest growing US government service to date. The US prison system houses more people than some countries have in total population - and growing. The US prison system has a huge chunk of those are there for minor drug charges where they are trained to be become better, more violent criminals on the inside and continuously punished on the outside so as to ensure they are forced to re-enter the prison system at a later date. The US prison system has one of the highest reviticism rates of any first world, industrialized countries. Many argue the high reviticism rate is by design.

Notice the steep rise in incarcerations after declaring the war on drugs. [wikipedia.org] Anyone in support of the war on drugs is willfully supporting murder, sex trades, slavery, and yes, even terrorism (much comes from the middle east - like Afghanistan), and turning some of the most worthless humans ever born into some of the most powerful humans on the planet - while taking it out on the US' (and other countries') civilian populations. By every measure and every statistic, the war on drugs has been lost almost as soon as it started. And every year, the US tax payer pays billions to fuel paramilitary training and growth of our police forces while create a professional, criminal, industry on the other side, while paying billions more to imprison the very "criminals" which the first billions created.

Re:Interesting story behind MegaUpload (1)

troll -1 (956834) | more than 3 years ago | (#34657456)

America's next war is the WAR ON VIOLENCE!

Re:Interesting story behind MegaUpload (2)

Nimey (114278) | more than 3 years ago | (#34657724)

Followed by the WAR ON WAR.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34658056)

Not this American. I am completely embarrassed by our entire justice system, from the police all the way to the prisons. It's a goddamn joke, and a dangerous one.

Re:Interesting story behind MegaUpload (1)

Anonymous Coward | more than 3 years ago | (#34657398)

Have YOU seen most european jails? Your stupidity is astounding. European here.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657494)

Your stupidity is astounding. European here.

Parisian, right?

Re:Interesting story behind MegaUpload (1)

Gerzel (240421) | more than 3 years ago | (#34657550)

Aye well many Americans claim the US prison system isn't hard enough on the inmates.

Re:Interesting story behind MegaUpload (4, Insightful)

Stiletto (12066) | more than 3 years ago | (#34657990)

And no matter how hard it is, these same idiots will keep claiming the prison system isn't hard enough. Isn't it time we start ignoring people who don't make any sense.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657042)

Are you kidding? It's white collar crime, and it's not in the USA.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657084)

Clearly he's a repeat offender; so where was the deterrent for preventing recidivism of going to prison unless there's ass pounding and salad-tossing? (Unless one is a fag.)

Re:Interesting story behind MegaUpload (1)

Datamonstar (845886) | more than 3 years ago | (#34657522)

You don't get it do you? Rich people get treated better. Duuuuhhh.

Re:Interesting story behind MegaUpload (1)

EdIII (1114411) | more than 3 years ago | (#34657776)

Along with free dental and health care. Oh, yeah, and all the ass-pounding and salad-tossing you can take.

You have reminded me of one of the great mysteries I never want to solve... The funniest HBO documentary I ever watched was about prison. In it, one inmate, a professional "Ho", explains how he conducts his business with the "fresh fish"......

I'll paraphrase:

"I take em in the utility closet. I make em toss my salad. Having yo salad tossed means having to asshole eatin out. I let them choose between jelly and syrup. I prefer syrup".

Having related that story I will agree with you. 1.5 million dollars, or fuck, even Euros... is not worth having one of those conversations in a utility closet.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34656938)

Oh so what you are saying is he sounds like a real stand up guy, worthy of trusting your money to and babysit your kids. Or did I miss something?

Re:Interesting story behind MegaUpload (1)

bol (152634) | more than 3 years ago | (#34657066)

Ah "Kimble", international douche bag and con artist. You can't take anything about that person seriously, it's all part of the rouse.

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657714)

Definitions of rouse on the Web:
        * bestir: become active; "He finally bestirred himself"
        * rout out: force or drive out; "The police routed them out of bed at 2 A.M."
        * agitate: cause to be agitated, excited, or roused; "The speaker charged up the crowd with his inflammatory remarks"
        * awaken: cause to become awake or conscious; "He was roused by the drunken men in the street"; "Please wake me at 6 AM."

Definitions of ruse on the Web:
        * a deceptive maneuver (especially to avoid capture)

Re:Interesting story behind MegaUpload (0)

Anonymous Coward | more than 3 years ago | (#34657730)

Sounds like an upstanding citizen to me. Ultimately most of these sites are for profit. The users may feel they are striking a blow for freedom but the sites are largely run by people trying to make a buck.

Re:Interesting story behind MegaUpload (1)

causality (777677) | more than 3 years ago | (#34657938)

Sounds like an upstanding citizen to me. Ultimately most of these sites are for profit. The users may feel they are striking a blow for freedom but the sites are largely run by people trying to make a buck.

If someone can make a buck by striking a blow for freedom that'd be an instance of the system working the way it should. I like that better than the obscene profits and amounts of political power which tend to reward those who help bring tyranny.

Unfortunately there's little reason to doubt that someone in Congress is thinking of the optimal way to ban sites like this. Or one of the agencies under the executive branch is looking for a way to do that without involving Congress.

MegaUpload? (-1)

Anonymous Coward | more than 3 years ago | (#34656904)

I just had a MegaDownload... in my pants!

Anonymous Coward (-1)

Anonymous Coward | more than 3 years ago | (#34656908)

Game on

Re:Anonymous Coward (1)

PopeRatzo (965947) | more than 3 years ago | (#34657320)

Game on

Absolutely. This is like Spy vs Spy.

Pass the popcorn and strap yourselves in. There might be some collateral damage.

Christmas gift!!!!! (0)

hennyjack (1933170) | more than 3 years ago | (#34656954)

Another handbag , Fashion life http://www.handbagsexport.com/ [handbagsexport.com] Balenciaga handbag http://www.handbagsexport.com/ [handbagsexport.com] Burberry handbag http://www.handbagsexport.com/ [handbagsexport.com] CA handbag http://www.handbagsexport.com/ [handbagsexport.com] Cartier handbag http://www.handbagsexport.com/ [handbagsexport.com] Chanel handbag http://www.handbagsexport.com/ [handbagsexport.com] Chole hanabag http://www.handbagsexport.com/ [handbagsexport.com] Coach handbag http://www.handbagsexport.com/ [handbagsexport.com] Denslmlql handbag http://www.handbagsexport.com/ [handbagsexport.com] DG handbag http://www.handbagsexport.com/ [handbagsexport.com] Dior handbag http://www.handbagsexport.com/ [handbagsexport.com] Dooney Bourke http://www.handbagsexport.com/ [handbagsexport.com] Ed hardy handbag http://www.handbagsexport.com/ [handbagsexport.com] Fendi handbag http://www.handbagsexport.com/ [handbagsexport.com] Gucci handbag http://www.handbagsexport.com/ [handbagsexport.com] Guess handbag http://www.handbagsexport.com/ [handbagsexport.com] Hermes Handbag http://www.handbagsexport.com/ [handbagsexport.com] Jimmy choo handbag http://www.handbagsexport.com/ [handbagsexport.com] Juicy handbag http://www.handbagsexport.com/ [handbagsexport.com] Kipling handbag http://www.handbagsexport.com/ [handbagsexport.com] Lesportsac handbag http://www.handbagsexport.com/ [handbagsexport.com] Locaste handbag http://www.handbagsexport.com/ [handbagsexport.com] Longchamp handbag http://www.handbagsexport.com/ [handbagsexport.com] LV handbag

Re:Christmas gift!!!!! (-1)

Anonymous Coward | more than 3 years ago | (#34656968)

quit trolling nigger

Re:Christmas gift!!!!! (2, Funny)

Anonymous Coward | more than 3 years ago | (#34657252)

Hand Bag Sex Port?

Actually (5, Interesting)

superpaladin (1521599) | more than 3 years ago | (#34656960)

I always wondered why they(and Rapidshare and other clones) haven't been sued into oblivion yet. Not that I am rooting against them, but if Napster was found guilty all those years ago...

Re:Actually (2)

MrEricSir (398214) | more than 3 years ago | (#34656974)

But remember, Napster was encouraging piracy. MegaUpload and friends claim that they would never do such a thing.

Re:Actually (0)

Anonymous Coward | more than 3 years ago | (#34657822)

Megaupload also takes down files if they're asked to do so.

Re:Actually (0)

Anonymous Coward | more than 3 years ago | (#34656992)

They honor DMCA takedown requests, for one.

Re:Actually (3, Insightful)

Lehk228 (705449) | more than 3 years ago | (#34657780)

napster was designed for the purpose of infringing music copyrights, rapidshit, megaupload, etc. are generic file hosts like any free web site company, if you upload a blacklist file (checks by some hash function) it is instablocked, if a file gets a DMCA takedown it gets pulled.

in order to find megaupload liable for infringement the court would be overturning the entire DMCA notice and take down system, and going back to hosts liable for user content. The entire internet industry would flip out over this and laws would be passed very quickly.

Re:Actually (0)

Anonymous Coward | more than 3 years ago | (#34657904)

While I never actually followed the Napster case, I do know youtube, megaupload, dropbox, and all sites that host content are protected by the DMCA. Basically, as long as a 'provider' accepts all DMCA take down notices in accordance with the law, then they can not be sued for originally having that content. The DMCA was made to protect ISPs, web server hosts, and so on. The idea is that the user who uploaded the content is at fault, not the host, not the provider, and not the downloader even.

Zeropaid? (1)

Seumas (6865) | more than 3 years ago | (#34656978)

It seems that if you want to be taken seriously about such a claim, you would issue your response elsewhere than Zeropaid.

Re:Zeropaid? (1)

PopeRatzo (965947) | more than 3 years ago | (#34657330)

It seems that if you want to be taken seriously about such a claim, you would issue your response elsewhere than Zeropaid.

Why's that? Do you have some reason for saying that or are you just trolling?

Re:Zeropaid? (0)

Anonymous Coward | more than 3 years ago | (#34657648)

It's like someone accused of being a pot dealer going to High Times to voice their appeal.

File sharers use Visa (2)

l0ungeb0y (442022) | more than 3 years ago | (#34657102)

What's in your wallet?

Re:File sharers use Visa (0)

Anonymous Coward | more than 3 years ago | (#34657348)

I usually use other people's VISA though. It's cheaper that way.

Not a safe move. (4, Insightful)

EWAdams (953502) | more than 3 years ago | (#34657116)

People don't sue because they have legal grounds. They sue because they think they can force the other side to spend so much money that they'll cave. Most lawsuits are settled in favor of whoever has deeper pockets. Being in the right isn't enough; you have to be in the right and rich. Otherwise it's better to keep your head down... sadly. If the US ever gets around to tort reform (yeah, right), this situation may change.

Re:Not a safe move. (1)

Gerzel (240421) | more than 3 years ago | (#34657566)

No just rich.

Being in the right helps and sometimes it even wins against any amount of money, but short of those situations rich always wins, at least in the US.

We have the best legal system money has bought.

Re:Not a safe move. (1)

sumdumass (711423) | more than 3 years ago | (#34657610)

Is this cause or reality? I mean most people with the deepest pockets take more time to protect themselves, meaning they are less apt to get sued.

On the converse, less people without deep pockets spend the money to protect themselves and they usually have a smaller grasp of the laws. I don't know how many "artists" I know who think simply mailing an envelope with their songs in it has the same effect as a registered copyright on file at the copyright office if someone takes their songs. And even after mailing a couple blank unsealed enveloped to myself to show them the problems with the theory after I put their month newer stuff in it and then sealed the envelopes, they still swore by it.

So obviously what you are seeing could easily be a combination of both but I wouldn't exactly attribute it all to the ones with the most win the most.

Re:Not a safe move. (0)

Anonymous Coward | more than 3 years ago | (#34657804)

Who the fuck modded this insightful?

This shows a fundamental misunderstanding of the modern USA lawsuits. And you don't have to be "right and rich." If you are rich, you can unethically prolong a lawsuit. What the hell do you think contingency lawyers are there for? They provide access to the court system for the 'not rich.'

Tort reform? What do you mean tort reform? You mean, make it even harder to get insurance companies to pay out on policies to people who were hurt by the insured?

Re:Not a safe move. (2)

EdIII (1114411) | more than 3 years ago | (#34657806)

What's even more appalling is that when we all get together for a class action lawsuit to "even out the odds" we end up waiting a few years for a complimentary fucking pack of doodads or 30-day of free service from the company that screwed us all over.

There really isn't protection in numbers either.....

Re:Not a safe move. (1)

shadowbearer (554144) | more than 3 years ago | (#34657886)

  Assuming, of course, that those suing aren't being taken to the cleaners by ambulance chasing lawyers who they look up in the yellow pages.

  Like everything else, this is hardly a simple problem.

SB

Re:Not a safe move. (0)

Anonymous Coward | more than 3 years ago | (#34657918)

and how exactly will tort reform help?

"Tort reform" is how the rich plan to prevent the poor from suing them, ever. It's in the name- a 'tort' is what you sue someone over.

The mendacity of companies suing each other and then settling out of court is what needs to be addressed. I don't know how to deal with that issue, but tort reform isn't going to touch it.

Wikileaks (5, Interesting)

mr100percent (57156) | more than 3 years ago | (#34657118)

I feel like once they did this for WikiLeaks, the floodgates opened and now Mastercard is going to be under pressure to cancel accounts left and right. Heck, why isn't Mastercard closing the accounts for the Ku Klux Klan? How come you can still donate using Mastercard?

Re:Wikileaks (-1, Troll)

IonOtter (629215) | more than 3 years ago | (#34657154)

You're assuming that they're being pressured by some political agency.

Don't. They are the, single biggest financial organization in the world next to the Federal Reserve. Not even the World Bank is as big as MC.

MC can look every single world leader directly in the eye, whip out their privates right in front of the cameras, and urinate directly into those eyes, one at a time, and nobody would DARE do or say anything. More than a few would swallow.

They're doing this because they found a way to make it profitable.

Re:Wikileaks (0)

Anonymous Coward | more than 3 years ago | (#34657314)

They're doing this because they found a way to make it profitable.

The pissing or the usury?

Re:Wikileaks (1)

blackraven14250 (902843) | more than 3 years ago | (#34657378)

Both.

Re:Wikileaks (1)

ocdscouter (1922930) | more than 3 years ago | (#34657486)

They're doing this because they found a way to make it profitable.

The pissing or the usury?

It's all a part of their platinum... package, so to speak.

Re:Wikileaks (2)

PopeRatzo (965947) | more than 3 years ago | (#34657342)

MC can look every single world leader directly in the eye, whip out their privates right in front of the cameras, and urinate directly into those eyes, one at a time, and nobody would DARE do or say anything. More than a few would swallow.

According to upcoming wikileaks documents, they already have.

Re:Wikileaks (1)

kikito (971480) | more than 3 years ago | (#34657352)

urinated, swallowed, or both?

Re:Wikileaks (3, Funny)

noidentity (188756) | more than 3 years ago | (#34657546)

An African or European swallow? Wait, what were we talking about?

Re:Wikileaks (1)

R_Growler (84235) | more than 3 years ago | (#34657820)

And.. are these swallows unladen?
Slashdot has been getting harder lately..

-RG.

Re:Wikileaks (5, Informative)

Jeeeb (1141117) | more than 3 years ago | (#34657850)

You're assuming that they're being pressured by some political agency.

Don't. They are the, single biggest financial organization in the world next to the Federal Reserve. Not even the World Bank is as big as MC.

MC can look every single world leader directly in the eye, whip out their privates right in front of the cameras, and urinate directly into those eyes, one at a time, and nobody would DARE do or say anything. More than a few would swallow.

They're doing this because they found a way to make it profitable.

Mastercard: - Net assets: 7.47 Billion
- Net income: 1.46 Billion
- Criticism by world leaders:
Sued for anti-trust by the EU in 2009 and forced to reduce its fees to 0.2% of purchase
Criticised this year by members of the European Parliament for cutting of payments to Wikileaks.

Federal Reserve:
Total Assets: 2.34 Trillion
Total Liabilities: 1.348 Trillion
Net Equity: 56.78 Billion
Also holds about 6.4 Trillion dollars worth off securities of the balance sheet.

Mastercard is a piddly little company. I'd be surprised if it was even in the biggest 100 financial institutions in the world. Infact it's not even a money lender. It's just one of the large world-wide transaction processing networks. Although by no-means the largest or globally accepted.

Re:Wikileaks (2)

webheaded (997188) | more than 3 years ago | (#34658116)

No kidding. Visa bigger than they are. Sounds nice until you can plainly see that he's pulling this information out of his ass. I'm pretty none of what he says is even remotely true. I really do wonder WHY they cut Wikileaks off. I honestly think they WERE pressured by the US government and just don't want to say anything. Why the hell would they cut off a cash cow like that unless they were forced to?

Quick and dirty search:
Products: (Mastercard) Payment systems (Visa)Payment systems
Revenue: US$5.10 Billion (FY 2009) US$6.91 Billion (FY 2009)
Operating income: US$2.26 Billion (FY 2009) US$3.54 Billion (FY 2009)
Net income: US$1.46 Billion (FY 2009) US$2.35 Billion (FY 2009)
Total assets: US$7.47 Billion (FY 2009) US$32.3 Billion (FY 2009)
Total equity: US$3.50 Billion (FY 2009) US$23.2 Billion (FY 2009)
Employees: 5,000 (2008) 5,700 (Q1 2010)
(http://www.diffen.com/difference/Mastercard_vs_Visa [diffen.com] )

Re:Wikileaks (3, Insightful)

Anonymous Coward | more than 3 years ago | (#34657196)

The ruling class doesn't mind racism. "When white working people and black working people are fighting each other, they're not fighting us."

Re:Wikileaks (2)

Formalin (1945560) | more than 3 years ago | (#34657852)

Pretty much.

The only good war is the class war.

Re:Wikileaks (3, Interesting)

Pharmboy (216950) | more than 3 years ago | (#34657214)

They shouldn't be closing accounts for the KKK. As much as I despise the KKK, they currently are acting within the 1st amendment of the constitution, and imho, businesses like Mastercard shouldn't discriminate against companies whose politics they disagree with, like the KKK or Wikileaks. It sets a bad precedent, and while legal, isn't cricket.

Re:Wikileaks (5, Informative)

FudRucker (866063) | more than 3 years ago | (#34657318)

all the constitution & bill of rights dont mean shit in the real world, all those two documents are used for is to brainwash grammar school children in to thinking the government institutions are actually benevolent, so they wont realize what a bunch of corrupted tyrannical criminals the government is until they are over 40 years old...

Re:Wikileaks (5, Insightful)

RyuuzakiTetsuya (195424) | more than 3 years ago | (#34657620)

When I was a kid, I was taught that the Government existed, in America, as a reflection of the people, and the Constitution and Bill of Rights were a reflection of those goals.

If the Government is malevolent, cruel, vile, and evil, maybe that's not the Government's fault.

Re:Wikileaks (1)

cheekyjohnson (1873388) | more than 3 years ago | (#34657696)

When I was a kid, I was taught that the Government existed, in America, as a reflection of the people, and the Constitution and Bill of Rights were a reflection of those goals.

They want to make the people feel somewhat in control so that they keep wasting their votes on the same two parties over and over and act like nothing is wrong. It's such a shame that the government was given so much power, and that many people don't see a problem with this. The government, for the most part, doesn't even have to listen to them.

Re:Wikileaks (1)

mdarnton (1459067) | more than 3 years ago | (#34657834)

There is always the slight, tiny possibility that what you were taught as a kid could be wrong. It wouldn't be the first time.

Re:Wikileaks (5, Insightful)

icebraining (1313345) | more than 3 years ago | (#34657396)

But that's the point, they have set the precedent with Wikileaks. If they close some accounts despite their legality, we must assume they actively support those they don't shut down.

Re:Wikileaks (1)

braeldiil (1349569) | more than 3 years ago | (#34657406)

Mastercard has 1st amendment rights, too. One of those is the right to disassociate themselves from speech they don't approve of. If they think whatever hit they'd take by cutting off the KKK is worth it, that's their call. 1st amendment protections only mean you get to say whatever you want. It's not a magic shield that should render you immune from criticism or consequences. After all, those criticisms and consequences are just other people exercising exactly the same rights. As a practical note, Mastercard can't afford to cut off very many organizations - pretty much what a government asks them too. If they open it up any wider, then they face constant pressures to cut off ever more organizations, as we see here from the RIAA.

Re:Wikileaks (1)

Datamonstar (845886) | more than 3 years ago | (#34657588)

Exactly, this shit is a weapon now.

Needs A New Tag (4, Interesting)

IonOtter (629215) | more than 3 years ago | (#34657168)

Slashdot needs a new tag for stories like this?

I nominate "bitchslap".

Re:Needs A New Tag (1)

Anonymous Coward | more than 3 years ago | (#34657212)

It's more like douchebag vs giant douchebags.

Why should the RIAA even bother with a response? (0)

mark-t (151149) | more than 3 years ago | (#34657204)

If they can get MC to not honor payments to them, it seems they've accomplished a good portion of what they wanted to do anyways, so why should they feel any need to have to sue them as well?

Quite frankly, Megaupload's response to this looks to me more like whining than anything else because getting MC to not honor payments to them probably has impacted their business in noticeable ways.

Here's a thought... if one can so easily affect their business model as to cause a significant adverse effect on their ability to run a business, and the person can do it without breaking the law in any way, then maybe they should rethink their business model.

Re:Why should the RIAA even bother with a response (5, Interesting)

BLKMGK (34057) | more than 3 years ago | (#34657310)

Umm, MC isn't halting payments - at least not yet according to the umm articles linked. Mega was mentioned as one of the services in particular that the *IAA would want this halted with - supposedly since I haven't found them mentioned in my searches. Mega is simply stating that IF this were done it a) wouldn't impact them overly much and b) if they are doing something illegal why not come after them directly?

Frankly it's a disturbing prospect that someone could knock down a company by simply trying to strangle funding in this manner - we shoudl all be concerned. I also wonder if Mega has considered that they might also go after the advertisers payments in some way also.

I don't see good coming of this at all IF indeed the *IAAs have found a way to twist the arms of funding supplies like this.

Re:Why should the RIAA even bother with a response (1)

jack2000 (1178961) | more than 3 years ago | (#34657474)

Let em try. We still have meatspace. I'm sure the board of directors of Master card would love to be payed a visit by angry bearded foul smelling maniacs at 3 am.

Re:Why should the RIAA even bother with a response (1)

Lehk228 (705449) | more than 3 years ago | (#34657794)

would probably be better and less likely to lead to jail time to send lawyers bearing restraint of trade and collusion lawsuits.

Re:Why should the RIAA even bother with a response (0, Troll)

makubesu (1910402) | more than 3 years ago | (#34657530)

Megauploads is for one thing: piracy. What's so wrong about a company like Master Card only choosing to do business with legitimate enterprises? I thought everyone wanted these big corporations to start acting ethically.

Re:Why should the RIAA even bother with a response (2)

sumdumass (711423) | more than 3 years ago | (#34657622)

Is it only for piracy?

If so, then it sounds to me that the **aas wouldn't have much problem going after them directly. I'm sort of thinking there is something more legitimate about megaupload that scares **AAs into taking back room negotiations over law and order.

Re:Why should the RIAA even bother with a response (4, Insightful)

cheekyjohnson (1873388) | more than 3 years ago | (#34657674)

Megauploads is for one thing: piracy.

Odd. I thought it was for uploading files. I guess the only purpose of a knife is too kill people, then.

I thought everyone wanted these big corporations to start acting ethically.

You act like everyone believes that copyright infringement is 'wrong'. This is not so.

Re:Why should the RIAA even bother with a response (2)

kiddygrinder (605598) | more than 3 years ago | (#34657930)

how is it acting ethically for mastercard to collude with the RIAA to screw with a company that apparently isn't even breaking the law?

Re:Why should the RIAA even bother with a response (1)

EdIII (1114411) | more than 3 years ago | (#34657832)

I don't see good coming of this at all IF indeed the *IAAs have found a way to twist the arms of funding supplies like this.

Wellll... I am just as concerned about the intent behind this as the next person. I would not be so worried though.

MC eliminating those customers is not the easiest thing to do in the world. There have been known problems with scammers and con artists putting up merchant account after merchant account with fake documentation, fake websites, etc. We are all running around Slashdot upset about MC claiming they are going to fix the holes, but seriously people, it's not like there are just a few! :) MC and Visa are like 10 mile high colanders. Good luck with that.

Even if they did make real and substantial progress with all of their indirect/direct merchant accounts it would only force the funding to the 3rd party companies like PayPal which don't even suffer the same regulations.

When MC or Visa decide to block PayPal or Amazon that is when this will have a real effect.

Re:Why should the RIAA even bother with a response (2)

misexistentialist (1537887) | more than 3 years ago | (#34657464)

Here's a thought... if one can so easily affect their business model as to cause a significant adverse effect on their ability to run a business, and the person can do it without breaking the law in any way, then maybe they should rethink their business model.

Losing Mastercard would create chaos for any retailer. Maybe stores that accept Mastercard should rethink their business model, since letting just anyone inside can result in anarchy. Maybe Mastercard itself should rethink its business model, since millions of people could start dropping their cards in the street, with $0 liability.

Re:Why should the RIAA even bother with a response (2)

igreaterthanu (1942456) | more than 3 years ago | (#34657628)

Maybe Mastercard itself should rethink its business model, since millions of people could start dropping their cards in the street, with $0 liability.

The $0 liability doesn't count if you are careless with the card, much less if you deliberately lose it. Obviously they would have to prove it though.

Re:Why should the RIAA even bother with a response (5, Insightful)

Anonymous Coward | more than 3 years ago | (#34657814)

I've been an online merchant for about a decade. Historically, MC cards have been about 30% of sales. The lion's share is on Visa cards. MC has always been a self-righteous pack of assholes, cutting off merchants right and left over "content damaging to the MC brand" and other such bullshit. Their company policy is to piss in the face of consumer choice every chance they get. I've had 5-figure fines over content issues in the past and if it ever happens again, I'll dump their worthless asses purely out of spite. I would absolutely love to tell customers "we don't accept that piece-of-shit card, and you shouldn't either". It would be a mild inconvenience, but nothing close to "chaos". Keep in mind that the demographic merchants care about (i.e., disposable income, not living paycheck to paycheck) normally have 2 or more cards in their wallet. Nobody ever went bankrupt just by telling MC to go fuck themselves.

Re:Why should the RIAA even bother with a response (1)

mysidia (191772) | more than 3 years ago | (#34657764)

Quite frankly, Megaupload's response to this looks to me more like whining than anything else because getting MC to not honor payments to them probably has impacted their business in noticeable ways.

I have two words to describe what an organization pressuring MC to stop conducting business with another company would be called:

Tortious Interference with business relationships.

Re:Why should the RIAA even bother with a response (2)

mark-t (151149) | more than 3 years ago | (#34657932)

Ah... so you're saying that Megaupload would have legitimate grounds to sue the RIAA and MPAA then? That'd be an interesting thing to see. I'll be sure to bring popcorn.

Yes please ! (0)

frecky (1095067) | more than 3 years ago | (#34657534)

Oh yes please, sue Megaupload and any other website like these.

Seriously, I don't like them, they are a pain in the ass to work with and everyone seems to use them ...

Re:Yes please ! (1)

Prof.PatPending (1603155) | more than 3 years ago | (#34657744)

Using the Firefox add-on "SkipScreen" takes a lot of the misery out of dealing with Mega-whatever, and a quite a few similar sites.

riaa/mpaa have no balls (4, Insightful)

arbiter1 (1204146) | more than 3 years ago | (#34657594)

When it comes to other big companies like megaupload that have money to fight. They turn to dirty crap like this. they go after torrent indexer's, why haven't they hit Google? You can search out torrents on Google just like any other torrent search site.

They won't respond. (1)

_0rm_ (1638559) | more than 3 years ago | (#34657650)

As arbiter1 said, the riaa and mpaa won't attack a company that has the money to fight back. On the other hand, maybe MegaUpload should file a suit against the *AA's for all the shit they put people through.

Oh really? (3, Insightful)

rudy_wayne (414635) | more than 3 years ago | (#34657702)

Bonnie Lam of MegaUpload said, 'the vast majority of our revenue is coming from advertising.'

A quick check of Megaupload's website shows that their prices are about the same as all the other companies this same business. If the "vast majority" of their revenue comes from advertising then why aren't their prices significantly lower, undercutting the competition and bringing in even more customers? I have a feeling someone at MegaUpload has a big ego and is saying things they may regret later.

Re:Oh really? (1)

saleenS281 (859657) | more than 3 years ago | (#34657760)

Because, IIRC, the same company owns nearly all of the "other companies" in the same business.

Not about copyright infringement (5, Insightful)

Anonymous Coward | more than 3 years ago | (#34657750)

This is not about copyright infringement this is about media company's attacking the internet. They want you to be watching TV, going to the movies and renting DVD they don't want you entertaining yourself on the internet.

Load More Comments
Slashdot Account

Need an Account?

Forgot your password?

Don't worry, we never post anything without your permission.

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>
Create a Slashdot Account

Loading...