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Russian social network delays IPO after Facebook crash
Moscow, May 30 (IANS/RIA Novosti) VKontakte, one of Russia's most-popular social networks, has postponed its initial public offering indefinitely after the flotation of the world's largest social network Facebook took a hammering.
"The Facebook IPO has destroyed the faith of many private investors so VK's IPO is postponed for an indefinite term," VKontakte founder Pavel Durov wrote in his Twitter
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