Russia,Turkey plan to sign intergovernmental agreement on Turkish Stream by end of June
Russian Railways denies delivery of military cargoes to Ukraine’s Donbas region
Russia's Central Military District combat readiness snap check involves 12,000 troops
Ukrainian servicemen may desert army positions - Ukrainian army report says
Putin holds meeting on space industry development
Russian diplomat sees progress in talking Iran sanctions issueWorld May 26, 9:58
Russian human rights ombudswoman criticizes new law on "undesirable organizations"Russia May 26, 9:55
Wildfires sweep over record 32,000 hectares in southern SiberiaRussia May 26, 9:42
Russian businessmen to recommend slashing of tax burdens for foreign investorsEconomy May 26, 8:58
Russia’s business community suggests imprisoning up to 10 years for bank bankruptcy fraudEconomy May 26, 8:53
Putin, Cameron discuss resumption of dialogue on SyriaWorld May 26, 8:45
Putin to meet with BRICS high representatives for securityWorld May 26, 2:17
Ukrainian servicemen may desert army positions - Ukrainian army report saysWorld May 26, 0:41
Russia has no problems with preparation for 2018 World Cup - MutkoSports May 25, 23:37
“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.