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They already have a billion plus valuation, thanks to the investment by the Russian money laundering operation DST. I really don't think location matters so mu
by DilipJ 16y ago
They already have a billion plus valuation, thanks to the investment by the Russian money laundering operation DST.
I really don't think location matters so much when it comes to dot coms. If you can get traction and revenue, does it really matter where you're located?
- mwerty 16y agoWhy are you calling it a money laundering operation? Are they not legit or are you just being casual?
- DilipJ 16y agoIts majority owned by an oligarch named Usmanov. Like most of his fellow post-Soviet oligarchs, they've been trying very hard to funnel their undeserved wealth out of Russia and into Western assets and banks. I guess it's some consolation that this money is ending up in the hands of Silicon Valley (or Chicago, in the case of Groupon), instead of it just going to British soccer teams and yachts in the Riviera.