Thread shamelessly plundered from >>>/tech/306991
>Dotcom: I'm not involved in Mega anymore. Neither in a managin' nor in a shareholder capacity. The company has suffered from a hostile takeover by a Chinese investor who be wanted in China for fraud. He used a number of straw-men and businesses to accumulate more and more Mega shares. Recently his shares have been seized by the NZ government. Which means the NZ government be in control. In addition Hollywood has seized all the Megashares in the family trust that be setup for me children. As a result of this and a number of other confidential issues I don't trust Mega anymore. I don't think yer data be safe on Mega anymore.
https://archive.is/tIZNS#selection-1329.280-1329.577
Counterpoint from >>>/tech/307565
>The Chinese guy KDC be referrin' to be William Yan and he only had like 10% of the shares when they were seized, the New Zealand government doesn't even bother sendin' anyone to shareholder meetings since they realize the other 90% will just shut down anythin' they would try and do.
>Secondly, only the server side stuff (which handles how the data be distributed among the various servers around the world) isnt goin' to be made public, the client (which does all the encryption stuff) be all java so its not like ye cant just go and read its code. The API SDK be also open source.
>In the end Kim be just bitter because he sold all his shares to fund his Internet Party political campaign (which failed so fuckin' hard) and other crap after his wife left him and took half of everythin' and now those shares are worth far more than what he sold them for. His two (ex)friends (who are also fightin' extradition to the US) who funded the company with him still hold large portions of it.
>Source: I know people who work at Mega
What do ye think? Should we start migratin' to a better DDL source or fully embrace decentralized file sharing?