11 years after it was founded, encrypted messaging service Telegram finally makes profit; here's how Pavel Durov did it
Telegram, which is the encrypted messaging app founded by Pavel Durov has finally achieved profitability for the first time in its 11 year history in the year 2024, reported Dnyuz.
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According to Dnyuz, the revenue of the company Telegram surpassed $1 billion with $500 million in cash reserves while excluding cryptocurrency assets. This financial milestone finally comes after years of financial challenges and mounting debt.
The success of the platform actually stems from diversified monetization strategies which include a premium subscription service priced at $4.99 monthly, which now boasts 12 million paid users and an aggressive advertising approach, asserted Dnyuz. Pavel Durov has repaid a significant portion of the company's $2 billion debt and emphasized on the fact that the company can maintain financial sustainability while respecting user rights.
In spite of its financial triumph, Telegram still continues to face a global scrutiny over content moderation issues. The app has been pretty controversial due to its minimal content filtering while leading to potential bans in multiple countries, noted Dnyuz.
Pavel Durov himself is currently under investigation in France for alleged criminal activities facilitated through the platform.
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