Startups That Shut Down Its Operation In The First Quarter Of 2012


Megaupload

megaupload, startup that shut down in 2012The file-sharing service Megaupload was initially seen as a huge victory for owners of copyrighted music and movies. However, the Federal prosecutors successfully shuttered the service of the firm in January this year and arrested seven men associated with the company including site founder Kim Dotcom.

The service moved so much data that global Internet traffic immediately decreased by between 2 to 3 percent at the time when its service was taken off.