Megaupload Founder Starts New Venture

The AP reports that the founder of Megaupload has started a new file sharing venture. Apparently, the new venture allows users to upload large files for downloading by others. The new service also apparently includes encryption that prevents the service from knowing what has been uploaded. This is supposed to shield the new venture from liability. However, given the possibility of applying Grokster-type inducement, I’m not sure it will work…

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