Addendum: Regarding the monetary harm of Megaupload???s activities, the Justice Department characterized it, without explanation, as ???well in excess of $500,000,000??? since 2006. And although that number is probably meant to impress, it???s somewhat baffling. Even without a per annum breakdown, it comes nowhere near the annual piracy losses claimed by the major industry groups???whether the BSA???s $58 billion loss claims for software losses in 2010 or the ???conservative??? $26 billion estimate for movie, music, and software piracy from 2007, which lazy journalists still allow to circulate. This for the site that MPAA called ???By all estimates??? the largest and most active criminally operated website targeting creative content in the world.???
Since we???re using made up numbers here, let???s make up some more???and for the sake of argument, some extremely favorable ones for the Justice Department???s effort to paint Megaupload as the big bad. Posit that all $500 million in losses came in 2011. Posit the $26 billion loss number. Megaupload???s contribution to the pirate economy tops out at 2%.
“meant to impress” with little other value.