Telegram hits 900m users and nears profitability as founder considers IPO - News Summed Up

Telegram hits 900m users and nears profitability as founder considers IPO


Telegram has 900 million users and is nearing profitability, according to the owner of the secretive messaging app, as the company moves closer to a potential blockbuster stock market listing. He added that the platform has 900 million monthly active users, up from 500 million at the beginning of 2021. Critics have suggested that the Kremlin may have links to or leverage over Telegram, a claim that Durov dismissed as “inaccurate”. Durov declined to comment on a timeline or a possible venue but said Telegram had “studied several options”. Durov said Telegram planned to improve its moderation processes this year as multiple global elections unfold and “deploy AI-related mechanisms to address potential issues”.


Source: The Irish Times March 11, 2024 22:53 UTC



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