Last week's Economist (July 16-20, 2010 issue) has an [URL="http://media.economist.com/node/16539424"]interesting story[/URL] on three large internet companies in Russia, China and Africa. That these three emerging regions have growing internet powers is interesting in itself, but there was something else in the story that caught my eye. Russian Internet giant, [URL="http://www.dst-global.com/"]DST[/URL] purchased a stake in Facebook last year, beating the typical American venture capital firms to the punch. [B]Russian Aggression[/B] According to the article, DST took advantage of being cash rich at a time when US financiers were sitting back afraid to act because of the horrible recession gripping the world …

Member Avatar
Member Avatar
+0 forum 1

The End.