BERET-WEARING copyright controversy courter Kim Dotcom has told his Twitter users to start backing up any data and documents they might have on storage option Mega, because it looks like it is going from mega to micro following a range of problems.
Dotcom said that the firm has suffered from the withdrawal of support by PayPal, presumably at the behest of the law or the copyright cartels. This had a significant impact on the business that was showing positive signs of growth in the storage market.
Dotcom resigned from a management role at the firm last year, but it is clear that he still cares. He is presumably still very angry about his treatment at the hands of the authorities when they raided and closed down Mega predecessor Megaupload with a very heavy hand.
"Mega has had to survive without a credit card payment processor for almost two years now. The air is getting thin. Back up your Mega files asap," he tweeted.
Dotcom resigned from Mega in 2013 to follow his political ambitions. These did not go too well, but he is persisting. "#Mega is in excellent hands. I resigned as managing director to focus on my copyright case and a new political party. I'm still working on Megabox, too ;-)," he said at the time.
Things change, though, and the larger than life entrepreneur and gold-star gamer told TorrentFreak this week that the company has been the victim of a hostile takeover with a lot of government intervention.
"Mega has experienced a hostile takeover and is no longer in the control of people who care about internet freedom. The New Zealand government and Hollywood have seized a significant share of the company," he told the site.
"The combined shares seized by the NZ government and Hollywood were significant enough to stop our listing on the New Zealand stock exchange."
Mega chairman Stephen Hall reckons that Dotcom is making a lot of fuss about nothing.
"Mega has significant funding and strong support from shareholders so its financial position is certainly not precarious. Dotcom's comment is factually incorrect and the motive is unknown," he told TorrentFreak.
"Mega continues to experience strong growth which illustrates the global appreciation of the quality of its services." µ
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