Social networks & apps

Hot social media topics to be highlighted at Moscow conference and exhibition

April 14, 2015

Social media business will be highlighted in Moscow on March 12-14 at the Social Networking Congress & Expo (SNCE), a two-day conference and exhibition that gathers each year the representatives of the Russian social media community. The main topics of this year’s edition will be social media marketing, social business app development; social media monitoring …

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Croice secures $500,000 from Imperious Group to develop “new format of photo stories”

March 1, 2016

Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group. Launched earlier this year by Russian entrepreneur Vadim Zhernov, the St. Petersburg-based startup presents its app as “a new media format.” The photo stories, named …

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Russian social media reacts to ruble crisis with ‘Arctic Fox Day’

April 15, 2015

A leading Russian economist likened the public reaction to the falling ruble to the “calm of someone facing suicide.” But on the Internet, it looked more like the “Day of Dark Humor.” Or make that “Arctic Fox Day”: The Russian name (“pesets”) for the cuddly canid sounds almost like an unutterably rude word for “f-ck up.” Arctic foxes thus became the illustration of choice for social media posts on “Black Tuesday,” including …

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Sberbank’s SBT Venture Capital invests in social network for investors

March 1, 2016

SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, has invested in eToro, a social network for investors. The Cyprus based social network allows members to follow the activities of their fellow investors in real time. The company’s stated mission is to “revolutionize the way people interact on the financial markets, making the …

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Russian agency looks to meet with Twitter, Facebook on new laws

November 18, 2014

The Russian government agency looking to enforce new restrictions on the Internet has asked Twitter and Facebook to send representatives to Russia to discuss the laws. A spokesman for Russian government media regulator Roscomnadzor confirmed the planned meetings. The new laws require bloggers to register with the government and Internet data regarding Russians to be stored …

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Mail.ru Group in talks with Western rights holders to legalize content available on its social networks

November 6, 2014

Mail.Ru Group has begun another round of talks with Western rights holders about legalizing the music available via its resources – including Russia’s largest social network VKontakte (VK.com), – reports business daily Vedomosti, citing the company’s employees. The LSE-listed Internet group is being assisted in the negotiations to legalize the music on all its social networks …

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Vkontakte still facilitates IP rights breaches, says US industry association

October 28, 2014

The Motion Picture Association of America (MPAA), which represent six major Hollywood studios, has informed the US Government about two dozen piracy-promoting websites it would like to be gone. Alongside with major torrent sites The Pirate Bay and Kickass.to, the list includes – as in previous years – Russia’s leading social network Vkontakte (VK), file-hosting service …

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Guard Capital invests $2.8 million in doctor social network

October 17, 2014

Moscow based fund Guard Capital has bought 15% of DoktorNaRabote, a Russian social network for doctors, for $2.8 million. The project’s cofounder Stanislav Sazhin stated that the business angels from whom Guard Capital purchased its stake left the company having made tenfold profits. DoktorNaRabote was founded by Andrey Perfilev and Stanislav Sazhin on 14th October 2009, so it will …

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Softline Seed Fund invests in online business meeting facilitator

January 18, 2016

Softline Seed Fund, a VC fund set up in the end of last year by Softline and government-owned RVC Seed Fund, has invested 7.5 million (nearly $190,000) in the Business Family online network in exchange for a 7% stake in the company. The Business Family project began two years ago as a business-oriented social network and club …

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Yandex acquires PriceLabs, gets a divorce from MultiShip

October 7, 2014

Yandex’s strategy to develop its marketplace, Yandex Market, saw new developments in the past few weeks. The company acquired PriceLabs, the developer of a price monitoring and optimization solution, and abruptly ended cooperation with MultiShip, an aggregator of delivery service offers in which Yandex had invested earlier this year. The Russian search giant did not …

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Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register

October 1, 2014

The Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has informed Facebook, Gmail and Twitter that they must register in Russia as “organizers of distribution of information,” according to Russian legislation. “We informed them and one way or another we will force them to follow the law,” …

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TMT Investments backs Israeli startup Twtrland

September 18, 2014

Earlier this month TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced an investment in Israeli startup Twtrland. The size of the investment has not been disclosed. Twtrland analyses social network content to help users find new contacts based on social media output, interests, age, location etc. It also provides graphics to help users visualise their …

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