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Why Russia Resists Facebook

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  • Piotr Konwicki

Abstract

The social media websites phenomenon started in 1997 with SixDegrees.com, which allowed users to create profiles, list their Friends and surf the Friends lists. Facebook launched in 2004 and became synonymous with the growth of this sector, exceeding 1.1 billion active users in 2013. Russia is, however, a major country with open-market access where Facebook has not been in a position to compete successfully with local service providers. This article examines the defining features of social networking sites and their growth potential worldwide, looks at the factors which influence their valuation and analyses unique features of the Russian market which have to date prevented Facebook’s expansion.

Suggested Citation

  • Piotr Konwicki, 2013. "Why Russia Resists Facebook," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 14(4), pages 123-134, October.
    • Handle: RePEc:wej:wldecn:575
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=575
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