Telegram steps up after failed token sale and $ 1 billion bond offer

Telegram steps up after failed token sale and $ 1 billion bond offer

Encrypted messaging application Wire It is reported that he wants to go public. Russian news outlet Vedomosti reported on 11 April citing anonymous sources involved in the process.

Lack of net income flow

Flexible for selling user data and advertising space, Telegram has long faced an apparent revenue shortfall. Durov, along with his brother Nikolai, first made their fortune on the Russian social media site VKontakte.

The Duorov brothers used this money to create telegrams, which were made resistant to the widespread firewalls and media censorship of the Russian government. This development did not let the authorities. He eventually left Russia, but continued to work on Telegram. However, money has become a permanent problem.

Token offer

WireHis initial $ 1.7 billion token offer for GRAM tokens led to a confrontation with the US Securities and Exchange Commission. Regarding the recent bond issue, Durov stated, “The ultimate goal of Telegram is to become a financially sustainable project that can serve humanity for decades (or centuries).”

In December, Durov outlined some revenue-generating measures, drawing attention to the planned promotion of an “advertising platform” on the Telegram channel that “is user-friendly, respects privacy and costs us servers and traffic Allows to cover “.

Telegram seems to be looking at direct listings, an increasingly popular mechanism among tech firms for public investment, according to Vedomosti. Wombosti report, even in the case of telegram going public, Second They suggested that they could do so in Hong Kong instead of New York because of their history.

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Seth Grace

About the author: Seth Grace

Seth is an all-around geek who loves learning new stuff every day. With a background in Journalism and a passion for web-based technologies and Gadgets, she focuses on writing about on Hot Topics, Web Trends, Smartphones, and Tablets.

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