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MediaDefender and parent company ArtistDirect have had some serious setbacks recently. Last September they suffered a huge security breach when internal emails and a phone call were leaked to BitTorrent. They received even more bad press recently for DDoSsing Revision3. As a result, MediaDefender’s parent company stock dropped from $2.00 down to just 16 cents.
mediadefender stockMediadefender has had a rough year, and the future isn’t looking much better. Last month, MediaDefender lost one of its larger customers. The business accounted for roughly 18% of MediaDefender’s revenues.
In a recent financial statement, the company stated that there is a decrease in interest for their anti-piracy services, and that the results of their p2p-advertising model are also disappointing. This news led to further decrease in the stock price, which was sitting at an all time low of just 16 cents this Monday.
Surprisingly enough, the company structurally fails to mention the email leak and security breach, which has cost them a significant amount of money. In September 2007, disaster struck. MediaDefender had made many enemies with its anti-p2p activities. One of them decided to teach the company a lesson by hacking into their systems and leaking their internal emails and closest secrets to the Internet. The effect on the company and its operations was dramatic.
http://torrentfreak.com/mediadefender-w ... cy-080801/The sooner the better, this company made a lot of enemies, and eventually they bit back, perhaps some of the other companies out there using dubious tactics to snare p2p users should take note, i doubt they will though.
