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    SOPA pulled back for Revision

    All the protest by online companies and users all over the world against SOPA atlast yielded a result with the bill being pulled back by its proposer Lamar Smith. The bill has been pulled back only for revision purpose with its counterpart PIPA and it doesn't mean that the end of SOPA. Its proposer Lamar Smith released a statement saying that the approach to curb online piracy and intellectual property has to be revisited. He said in a statement, "The problem of online piracy is too big to ignore. American intellectual property industries provide 19 million high-paying jobs and account for more than 60 percent of U.S. exports. The theft of America’s intellectual property costs the U.S. economy more than $100 billion annually and results in the loss of thousands of American jobs.  Congress cannot stand by and do nothing while American innovators and job creators are under attack."

    Smith also invited various online firms and agencies to come together in developing rules to curb online piracy and protect intellectual property. He termed online theft of intellectual property as a big loss to United States economy and compared it with stealing products from a store which should be protected by the law. He further said in its statement,  "We welcome input from all organizations and individuals who have an honest difference of opinion about how best to address this widespread problem.  The Committee remains committed to finding a solution to the problem of online piracy that protects American intellectual property and innovation."

    Last few days have been full of drama, with Wikipedia , Reddit announcing blackout by taking down their websites for 24 hours. Other online companies also joined this movement by displaying protest against SOPA on their websites. On Thursday, Megaupload the popular file sharing site was taken down by FBI. In response to it and to retaliate to such action, the infamous hacking group Anonymous took down the websites of Universal Music, Department of Justice and even website of the FBI. After seeing a huge online protest many members of Congress who were initially in support of SOPA backed out earlier. No body knows what will be the fate of these bills now. You can read more about SOPA and PIPA here. Will it be completely taken down or the fear of SOPA will return again, only time will tell. !

    Follow the blog on twitter @wotthetech to stay updated with news regarding SOPA and PIPA.

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