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  • Russian Millionaire Tosses Paper Money Planes Out Of Office Window, Laughs As People Brawl Over Them

    gawker.com 1 day ago

    Pavel Durov, founder of the popular Russian Facebook-alike VKontakte , took a bread-and-circuses approach to generosity over the weekend, spending time with VK's vice president tossing paper airplanes made of money out of the company's St. Petersburg offices. More »

  • More FB IPO Fallout? Russia’s Leading Social Network Vkontakte’s IPO ‘Postponed Indefinitely’

    techcrunch.com 2 days ago

    In the aftermath-analysis about what exactly happened in the Facebook IPO, and what it might mean for the future, here’s one side-effect to the east of Nasdaq: Vkontake , the top social network in Russia, which shares a shareholder with Facebook, Mail.ru , has decided to delay its own IPO. The news was confirmed by the company’s CEO Pavel Durov on Twitter. In Russian, he tweeted , in answer to a Russian journalist’s question about the planned IPO date, “It’s not planned. The IPO of Facebook has destroyed th

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