Facebook and Twitter are trying to distance themselves from Russia, yet they'll have a harder time doing so now that it's been revealed Russia invested in both. Two state-owned companies, Gazprom and VTB Bank, poured millions into the social media platforms through DST Global, an investment company run by billionaire Yuri Milner.
Milner has worked with Facebook CEO Mark Zuckerberg in the past.
Leaked documents obtained by The Guardian and others revealed the investments. VTB obtained $191 million in Twitter shares, while Gazprom used an "opaque" investment to obtain $1 billion in shares.
Milner confirmed the investments, though he says neither Facebook nor Twitter knew where the funding was coming from. Facebook says it sold the Gazprom investment five years ago.