In September it became common knowledge that nearly 700mb of MediaDefender's, the anti-piracy group, emails had been leaked to the public by “MediaDefender-Defenders“.
The leak gave away huge amounts of sensitive details on how MediaDefender sabotaged, and planned to sabotage torrent trackers as well as other file-sharing networks. The emails also detailed how the company collected millions of dollars from the entertainment industry who hoped the company could protect their content.
Initially the leak had no effect on the company's stock price but that all changed in late November. At that time, the company announced that leak had cost them $825,000 USD and "it turned out that MediaDefender’s parent company ArtistDirect spent $600,000 to compensate their customers and the rest of the money was used to cover legal expenses."
This clearly did not sit well investors and the stock price has fallen over 60 percent from a high of $2.40 in September to $0.65 this week.
Will this be the end of MediaDefender?
Source:
TorrentFreak
Initially the leak had no effect on the company's stock price but that all changed in late November. At that time, the company announced that leak had cost them $825,000 USD and "it turned out that MediaDefender’s parent company ArtistDirect spent $600,000 to compensate their customers and the rest of the money was used to cover legal expenses."
This clearly did not sit well investors and the stock price has fallen over 60 percent from a high of $2.40 in September to $0.65 this week.
Will this be the end of MediaDefender?
Source:
TorrentFreak
