Telegram finances propped up by crypto gains as founder fights charges

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Financial Times 13h ago

Telegram finances propped up by crypto gains as founder fights charges - Financial Times

Quick Summary:

Telegram is fully owned by Durov, who sits on a multibillion-dollar cryptocurrency fortune, but the company has raised about $2.4bn in debt financing set to mature in 2026.

Experts have warned that Telegram, which is incorporated in the British Virgin Islands, could struggle to bring in future advertising revenues given it is now linked to alleged child sexual abuse material and terrorist content.

Speaking to the Financial Times earlier this year, Durov said Telegram, which only has about 50 employees, was increasing its monetisation efforts through ads and subscriptions.