[jacquesm]

this is pure speculation, but since we're down that road anyway: The Pirate Bay has hosting in quite a few places, but many of them are in Europe where you pay a good premium for bandwidth. Yes, they have some good advertising contracts but I'd be very surprised if it didn't eat up just about what it makes.

The reason for this is that I think their user demographics are shifted towards people that do not really want to pay for content ;)

[globalrev]

They seem to say generally that they don't make much money but obviously that doesn't mean that they don't.

[rms]

Yes, they are clearly lying and misleading a whole lot on the stand. Or at least plausibly denying.