Megaupload users could soon lose all their files

Tech news from around the web:

People who used Megaupload to store files – legitimate or otherwise – could soon find their data has been deleted altogether, reports the WSJ. Federal prosecutors bringing a huge criminal copyright infringement action against the file-sharing site have written to the Virginia judge overseeing the case, saying: “It is our understanding that the hosting companies may begin deleting the contents of the servers beginning as early as February 2, 2012.”

Twitter‘s global advertising revenues are forecast to grow to $540m by 2014, according to eMarketer, up from a projected $260m this year. However, Twitter’s chief executive, Dick Costolo, indicated at a US conference this week that he was in no hurry to take the company public.

Nintendo plans to simplify the way its gamers buy downloadable content with its forthcoming Wii U console, according to Develop Online. Near-field communication technology could be built into the controller to enable players to make purchases with a credit-card swipe, Satoru Iwata told investors, as it seeks to reduce the steps in each digital transaction.

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- Samsung is being probed by the EU for over concerns that its handling of patents is anti-competitive

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Richard Waters, Chris Nuttall and April Dembosky in the FT's San Francisco bureau share their views - plus tech insights from Tim Bradshaw and Maija Palmer in London and Robin Kwong in Taipei.

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