Megaupload shut down by US Officials

Megaupload, one of the internet's largest file-sharing sites, has been shut down by officials in the US. The site's founders have been charged with violating piracy laws. Federal prosecutors have accused it of costing copyright holders more than $500m (£320m) in lost revenue. The firm says it was diligent in responding to complaints about pirated material. Good business by Swizz Beatz. Full story after the jump...

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