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Limewire’s $75 Trillion

Devin Coldewey for TechCrunch:

The record companies suing Limewire were asked to estimate the damages that should be paid by the file-sharing service. Their estimate? $400 Billion on the low end, and at the high end — $75 trillion dollars. That’s more than the GDP of the entire world.

The last gasp of a dying industry cartel.

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