Fast forward to today, it’s an entirely different story, so much so that Dotcom has actually denounced Mega, going as far as stating that your data on Mega is no longer safe. Apparently the site was faced a hostile takeover by a Chinese investor, and “as a result of this and a number of other confidential issues I don’t trust Mega anymore. I don’t think your data is safe on Mega.”
Mega has since responded to those allegations in a statement, saying, “More than 75% of shareholders have supported recent equity issues, so there has not been any ‘hostile takeover’, contrary to Mr Dotcom’s assertion.” Dotcom then went on Twitter where he wrote, “I will issue a detailed statement about the status of #Mega next week. Then you can make an educated decision if you still want to use it.”
That being said despite the debacle, Dotcom still envisions a future where file storage on the internet can be safe and secure. In fact he has plans on launching a new Mega competitor which will be open-source and non-profit. This new service is expected to launch by the end of the year and it is expected to run on Wikipedia-like donations.