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Telegram founder Pavel Durov announced that the messaging app is now profitable, with total revenue exceeding $1 billion in 2024. The platform has gained 12 million paid subscribers since launching its premium subscription service in 2022 and holds over $500 million in cash reserves, excluding crypto assets.
Durov noted that Telegram has repaid a significant portion of its $2 billion debt issued over the past four years. The company aims to go public in the future and has introduced various features for businesses, an ad revenue sharing service, and a mini app store to enhance monetization. With more than 950 million monthly active users, Telegram continues to expand its offerings while achieving financial stability.
Telegram founder Pavel Durov announced that the messaging app is now profitable, with total revenue exceeding $1 billion in 2024. The platform has gained 12 million paid subscribers since launching its premium subscription service in 2022 and holds over $500 million in cash reserves, excluding crypto assets.
Durov noted that Telegram has repaid a significant portion of its $2 billion debt issued over the past four years. The company aims to go public in the future and has introduced various features for businesses, an ad revenue sharing service, and a mini app store to enhance monetization. With more than 950 million monthly active users, Telegram continues to expand its offerings while achieving financial stability.
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
