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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.
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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.
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