With over 900 million users, Telegram Eyes Profitability and IPO

Telegram’s founder Pavel Durov announced the messaging app is on track to become profitable next year, with plans for a future IPO. The platform, boasting over 900 million users, generates revenue through ads and premium subscriptions. Despite a valuation of over $30 billion, Telegram seeks to remain independent, with Durov citing an IPO as a way to democratize the company’s value. The app’s premium tier has already attracted over a million paid users, and it’s expanding its ad solutions globally. Additionally, Telegram is investing in AI for moderation and customer service enhancements.

Read more at: techcrunch.com

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