Wednesday, May 30, 2012

Zuck’s Alter Ego Makes Trouble in Russia




In Russia, Facebook CEO Mark Zuckerberg faces stiff competition for the role of number one news-making internet wunderkind. According to Bloomberg his name is Pavel Durov.


Durov, 27, is the founder and CEO of VKontakte (“In Contact”), a Russian social network most easily described as a Facebook clone. Started in 2006, VKontakte has closely mimicked the American trendsetter in terms of design and functionality. With a natively Russian-language interface and a marked disregard for copyright laws -- users can freely share music and movies -- VKontakte has won a large following among users younger and less sophisticated than those of Russian Facebook. As of April, it had 16.2 million Russian users every day, compared with Facebook's 2.3 million, according to research firm TNS.

Durov's star seems mystically linked to Zuckerberg's. The most important business deals of their lives both took place this month. On May 28, just days after Facebook's IPO, Durov won the power to vote the shares of VKontakte's biggest investor, the Mail.ru Group, effectively giving him full voting control of the company. The arrangement is very similar to what Zuckerberg had with Facebook's Russian investor, Digital Sky Technologies…

http://www.bloomberg.com/news/2012-05-30/mark-zuckerberg-s-alter-ego-makes-trouble-in-russia.html

No comments:

Post a Comment