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In April 2014, Durov stated he had sold his stake in the company after "coming under increasing pressure" from federal law enforcement to hand over personal details of users who were members of a VK group dedicated to the Euromaidan protest movement.On April 1, 2014, Durov submitted his resignation to the board; at first, due to the fact the company confirmed he had resigned, it was believed to be related to the Ukrainian crisis which started in February of the same year.Combined with Durov's personal 12% stake, this gave him 52% of the votes.while Lev Leviev sold his 8% share in the same deal, giving United Capital Partners 48% ownership.The court ruled that VK is not responsible for its users’ copyright violations, taking into account that both parties agreed with the technical possibility to identify the user who posted illegal content and who, consequently, must incur the liability.

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.

Founder Pavel Durov launched VKontakte for beta testing in September 2006, having just graduated from St Petersburg State University.

The following month, the domain name was registered.

As with most social networks, the site's core functionality is based around private messaging and sharing photos, status updates and links with friends.

VK also has tools for managing online communities and celebrity pages.

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