Gary Fung founded BitTorrent search engine isoHunt.com in 2003 when he was a 19-year-old student at the University of British Columbia in Vancouver, Canada.
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The Pirate Bay, a torrent site that has attracted millions of users by offering a wealth of (often illegal) content, is now at a turning point. With a $3.8 million fine dangling around the neck of the owners and a fresh $7.8 million acquisition by Global Gaming Factory X, announced this morning, the site is about to embrace a legal business model. How well will this work?
Ah, the Internet cafe, home to yuppies, flavored lattes, and The Pirate Bay? If you haven't heard, Swedish Internet cafe operator, Global Gaming Factory X, today bought The Pirate Bay for $7.8 million. The new owner says it intends to sail The Pirate Bay out of its murky waters, and put the former rogues gallery on the straight and narrow. In other words, The Pirate Bay is going legitimate.