Confrontation between US, Russia is major obstacle for Japanese investors — JGC
Clashes near Ukraine's parliament have no effect on talks in Contact Group — DPR
Russia urges to set up round-the-clock monitoring posts at most problem areas in Donbas
Russian Strategic Missile Forces start military drills — Defense Ministry
Putin: Early to speak of Russia’s readiness for military participation in fight against IS
Russia urges to set up round-the-clock monitoring posts at most problem areas in DonbasWorld September 04, 17:20
Aerosmith frontman speaks of Slavic roots, love for Russian borschtNon-political September 04, 16:42
Kiev’s tightening blockade of Donbas leads to its further isolation — Russian diplomatWorld September 04, 16:14
Russian Strategic Missile Forces start military drills — Defense MinistryRussia September 04, 16:01
Putin insists on tighter legionnaires’ quota in Russian football — sports ministerSports September 04, 15:56
Gerard Depardieu plans to settle in Belarus after selling property in FranceNon-political September 04, 15:51
Eastward expansion secures undisputable strategic advantages for NATO — Russia’s missionWorld September 04, 15:36
US embassy in Dushanbe suspends work over series of attacks in Tajikistan — websiteWorld September 04, 15:26
Clashes near Ukraine's parliament have no effect on talks in Contact Group — DPRWorld September 04, 15:18
“I have learnt a lot in the last few days about what could happen to VKontakte if I left,” Durov wrote on his own VKontakte page. “And I could clearly see that my resignation at a difficult moment like this would be a betrayal of everything we have defended over the last seven years. It would be a very simple and destructive outcome.”
“Thanks to everyone who supported me on April 1,” he added. “By choosing this date, I have tried to hint that my decision to resign was not final and was only necessary to collect some information. I am not going to leave anywhere and still remain VKontakte's general director.”
Durov, who announced Tuesday he was stepping down as the company's head, sent a note to shareholders today to explain why he was staying on, said Forbes.
“Since it came to my knowledge that my resignation at this moment can create unnecessary risks for our company, I intend to remain and serve as the CEO,” the note says as quoted by the magazine.
“As a result of events subsequent to the change in the shareholding of VKontakte in April 2013, the freedom of the CEO to manage the company has been significantly reduced," he posted. “It’s becoming increasingly difficult to defend those principles which were once laid in the foundation of our social network.”
Known as “Russia’s Facebook”, VKontakte has a strong position in the Russian market as a platform for people exchanging views on the world. The social network, available in several languages, has also developed as a key platform for digital media and one of the most popular places to listen to and share music.
The ownership of VKontakte is currently held by two companies, the VC United Capital Partners and Russian Internet giant Mail.ru, with the latter owning just under 52%, after picking up in March the remaining 12% owned by Durov, who first sold it on to Megafon head Ivan Tavrin in January.