suggesting his dismissal was the result of both his refusal to hand over personal details of users to federal law enforcement and his refusal to hand over the personal details of people who were members of a VKontakte group dedicated to the Euromaidan protest movement.
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Combined with Durov's personal 12% stake, this gave him 52% of the votes.
while Lev Leviev sold his 8% share in the same deal, giving United Capital Partners 48% ownership.
User registration was initially limited to within university circles exclusively by invitation, but the site still grew quickly.
In February 2007 the site reached a user base of over 100,000 and was recognized as the second largest player in Russia's nascent social network market.
In December 2008 VK overtook rival Odnoklassniki as Russia's most popular social networking service.
Founder and CEO Pavel Durov owned 20% of shares (although he had majority voting power through proxy votes), and a trio of Russian-Israeli investors, Vyacheslav Mirilashvili (Mikhael Mirilashvili's son) and Lev Leviev, On Group announced that it has decided to yield control of the company to Durov by offering him the voting rights on its shares.
, meaning In Contact) is a Russian-based online social media and social networking service.