Under pressure, Telegram pulls off an elusive milestone – a profit

Quick Summary:

It is set to be profitable for the first time as it tries cryptocurrencies, subscriptions and ads.

In recent months, Telegram, the lightly moderated social media app, has held discussions with investors who lent it more than US$2 billion (S$2.72 billion).

If it is squeezed for cash or cannot develop a sustainable business model, that could force Mr Durov to take on more debt or sell part of the company for the first time.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceUnited Arab Emirates

Topics: Content Telegram Company Business Durov Users Telegram’s Digital Billion Million Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-29 @ 10:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1060 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24718961

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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