10 years ago
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How Putin's cronies seized control of Russia's Facebook
It's hard to imagine a situation in which Mark Zuckerberg would sell his stake in Facebook. It's even more difficult to imagine him fleeing from the police, battling takeover attempts from billionaires, or tossing $100 bills from his office window. Yet that's exactly the scenario that's unfolded over the past few months in St. Petersburg, where Pavel Durov, the eccentric founder of social networking site VKontakte (VK), is suddenly persona non grata.
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It happens everywhere, except that in Russia they don't even try to hide it. In Soviet Russia, company owns you!
Putins strategy right now is taking under control of all independent media. He's setting himself up to be a dictator.
His final term expires in 2017 I think, but I'm sure he will have the law changed so he can keep power.