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Copyright Trolls Rightscorp Are Teetering On The Verge Of Bankruptcy (arstechnica.com)

Posted by BeauHD on from the karma-is-a-bitch dept.

JustAnotherOldGuy writes: Rightscorp, the copyright trolls whose business model was convincing ISPs to freeze their customers' Internet access in response to unsubstantiated copyright accusations, and then ransom those connections back for $20 each, will be out of money by the end of this quarter. Despite a massive courtroom win against Cox Cable in 2015 (and a counterbalancing gigantic fine for its robocalls), the company couldn't win a technology cat-and-mouse game against its prey -- the wily file-sharers who switched to VPNs and other anonymizing technologies. For the moment, the company is teetering on the brink of financial collapse. It raised $500,000 on February 22, the company reported, but it needs another $1 million to stay afloat. It has only enough cash on hand to continue "into the second quarter of 2016," according to the company's latest financial report.

4 of 94 comments (clear)

  1. Wait, let me check. by pushing-robot · · Score: 5, Funny

    No, I don't think I have a violin small enough for this.

    --
    How can I believe you when you tell me what I don't want to hear?
    1. Re:Wait, let me check. by MightyMartian · · Score: 4, Funny

      In reality they shouldn't be teetering on the edge of bankruptcy, the principles should be teetering on the edge of a cliff, held aloft only by dental floss tied around their scrotums.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    2. Re:Wait, let me check. by Opportunist · · Score: 4, Funny

      You just want to see if indiegogo campaigns can end negative, admit it.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  2. The only response to this... by Cruciform · · Score: 5, Funny

    *downloads the Simpsons from KAT*

    *Plays loops of Nelson saying "HA HA" to them via robocall.*