According to the official shutdown announcement posted on the Zippyshare homepage:
While Zippyshare complied with DMCA takedowns, it was a whack-a-mole game. Law firms representing music labels and software companies flooded them with notices. The operational cost of a legal team exceeded the revenue from ads. Unlike YouTube’s Content ID, Zippyshare had no automated reconciliation system. zippysharecom now defunct free file hosting exclusive
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