Not to be outdone, the Russian social network Vkontakte (or “virtual contact”) has copied Facebook’s look and feel almost exactly — not to mention its growth rate. See Alexa graph and screenshot gallery, below.
Copying Facebook has already turned out to be lucrative in other countries.
In Germany, Facebook clone StudiVZ was bought by a German publishing company for around $100 million; in China, Facebook clone Xiaonei was reportedly bought by a larger Chinese internet company for an undisclosed amount.
Vkontakte’s increasing Alexa rank:
Vkontakte’s brilliant design:
FaceBook Copycats Flooding | Read more @ Venture Beat