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Vkontakte Founder Tosses 5,000-Ruble Notes Out Window

The Moscow Times

The founder of the social networking site Vkontakte celebrated St. Petersburg’s 309th anniversary over the weekend by tossing paper airplanes carrying 5,000-ruble notes out a building window. The founder of the social-networking site Vkontakte celebrated St. Petersburg’s 309th anniversary over the weekend by tossing paper airplanes carrying 5,000 ruble notes out a building window. But he had to stop when violence erupted in the eager crowd below. Pavel...

Usmanov Shows His Acumen Again in Facebook IPO

Reuters

Russia's richest man recognized the value of Facebook three years ago when he invested in the social-networking company and has now enjoyed a payday of about $1 billion, propelling him further ahead of Russia's oligarchs, who have largely stuck with oil and steel. Russia's richest man recognized the value of Facebook...

Patriarch Kirill Launches Facebook Page

Reuters

... page, which included numerous pictures of the spiritual leader meeting with the pious, already had nearly 900 "likes" only hours after its launch. At the height of Russia's anti-Putin protest movement, which has largely been organized over social-networking sites like Facebook and Twitter, Kirill warned against trusting the Internet, saying it left people open to "manipulation." A black-and-white picture halfway down the page shows a young Kirill in black clerical garb. Last month...

Q1 Revenue Rises 45% at Mail.Ru

By Rachel Nielsen / The Moscow Times

... statements, released Thursday. The company, which is traded on the London Stock Exchange, reported net income of $208.6 million in 2011 versus $80.8 million in 2010. Mail.Ru had a 41 percent increase in the number of daily visitors to its Odnoklassniki social-networking site and a 21 percent increase to its Mail.Ru web portal in March of this year versus March 2011. "Their websites have become more popular and have taken market share," said David Ferguson, a Renaissance Capital investment...

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