Corporate venture building is reshaping how CEOs tackle innovation. Companies are adopting venture-building strategies to create new revenue streams, future-proof their businesses, and respond to disruptive market shifts. McKinsey highlights how successful leaders embed this approach into their strategies to unlock growth and capitalize on emerging opportunities.
Corporate venture building is reshaping how CEOs tackle innovation. Companies are adopting venture-building strategies to create new revenue streams, future-proof their businesses, and respond to disruptive market shifts. McKinsey highlights how successful leaders embed this approach into their strategies to unlock growth and capitalize on emerging opportunities.
In February 2014, the Ukrainian people ousted pro-Russian president Viktor Yanukovych, prompting Russia to invade and annex the Crimean peninsula. By the start of April, Pavel Durov had given his notice, with TechCrunch saying at the time that the CEO had resisted pressure to suppress pages criticizing the Russian government. Either way, Durov says that he withdrew his resignation but that he was ousted from his company anyway. Subsequently, control of the company was reportedly handed to oligarchs Alisher Usmanov and Igor Sechin, both allegedly close associates of Russian leader Vladimir Putin. Recently, Durav wrote on his Telegram channel that users' right to privacy, in light of the war in Ukraine, is "sacred, now more than ever." "There is a significant risk of insider threat or hacking of Telegram systems that could expose all of these chats to the Russian government," said Eva Galperin with the Electronic Frontier Foundation, which has called for Telegram to improve its privacy practices. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements.
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