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Date: | 馃嚛馃嚜 袙袝些袠 袠袟 袚袝袪袦袗袧袠袠 馃嚛馃嚜
To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company鈥檚 plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
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