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Megaupload server provider Cogent takes stock hit

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ShareShiz

ShareShiz

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Megaupload server provider Cogent takes stock hit
By John Callaham

Megaupload got shut down on Thursday, but one of the download site's server operators, Cogent Communications, got hit with its own issues on Friday as a direct result of Megaupload's problems. Reuters reports that Cogent's stock price took a tumble in trading, going down as much as 23 percent. The stock price finished the day down by over 18 percent.

Cogent's Washington DC server locations were searched by FBI agents after Megaupload was shut down and four of its officers were arrested and put in jail in New Zealand. According to the FBI's indictment, Megaupload paid Cogent as much as $1 million a month to run Megaupload's servers on Cogent's network. According to FBR Capital Markets analyst David Dixon, "... as a result, first-quarter revenue could decline sequentially."

Overall, Megaupload leased 36 computer servers in Cogent's Washington D.C offices along with a server location in France.

Meanwhile, another Reuters story states that someone else is trying to revive Megaupload on their own. The new site uses a different IP address than the real Megaupload site and is based in the Netherlands. Megaupload's lawyer Ira Rothken said, "We're not familiar with any official effort at this point to get the site back up in light of the fact that its major servers are in the possession of the United States government and other governments."
Click to expand...

Source

*note the "new site/IP address" is a fake site. you are advised not to visit it.
 
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And that phishing site is all over the news now, just because one idiot posted that site somewhere... damn, people so much want Megaupload back, that they will support phishing site, just to look at megaupload interface. Sad..



ShareShiz said:
can you imagine a $1million server bill every month :|
Click to expand...


Can you imagine profit, if they've cost 1M ?
 
megaupload's page shows seized under FBI Now!

Previously page can not be displayed, now

banner.jpg
 
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So much about US democracy, and being innocent until proven otherwise.

War is beginning, just watch. Internet is just a place to start with.
 
I would reach nirvana (not the band the state of being) if I lived in a 30 mil rented mansion, had 8 mil worth of cars, 4.8 mil in spending cash on hand and another 11 mil in the bank close by but available by visiting the local office.

Now if they had this imagine what the people that walked away like wupload and fs has/have.


Someone else said uploaders are cheap labor or workforce.


Imagine the monthly income to pay a 1 mil a month server bill.
 
Well, they not only run megaupload there. There is megavideo, megaporn and all that. All there is online streaming videos and media files so I guess that took high RAM like 256GB RAM and 1000ZB HDDs and all.. That's why the cost so high..
I think the cost they paying is normal.

Thanks.
 
There were reportedly 24PB of content in those servers. Imagine the amount of RAM and CPU power required to serve 50 million users daily. Those servers were also being used to convert and stream thousands of videos every second. Then ofcourse unlimited bandwidth. Suddenly 27k per server doesn't seem like a lot.
 
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