Science

#Telegram app raises $1 bn by selling bonds: founder

#Telegram app raises $1 bn by selling bonds: founder

Telegram is a popular social media platform in a number of countries, particularly in the former Soviet Union and Iran, and is u
Telegram is a popular social media platform in a number of countries, particularly in the former Soviet Union and Iran, and is used both for private communications and sharing information and news

The encrypted messaging app Telegram has raised over $1 billion by selling bonds to foreign investors, its Russia-born founder Pavel Durov said Tuesday.

Durov, 36, wrote on his Telegram channel that the bonds were sold to “some of the largest and most knowledgeable investors from all over the world”.

He added that this will allow Telegram to grow “while sticking to its values and remaining independent”.

Durov said the funds will fuel the app’s monetisation strategy that was outlined in December, according to which the platform will launch paid services this year.

Telegram is a popular social media platform in a number of countries, particularly in the former Soviet Union and Iran, and is used both for private communications and sharing information and news.

It was founded in 2013 by brothers Pavel and Nikolai Durov, who also founded Russia’s social media network VKontakte.

According to Durov, the app had more than 500 million monthly active users at the start of January when it experienced a boom in new users after Whatsapp announced a change to its privacy policy.

Telegram refuses to cooperate with authorities and hand over encryption keys, which has resulted in its being banned in several countries, including Russia.

Moscow reversed course on the app last year, however, after more than two years of unsuccessful attempts to block it.


WhatsApp stresses privacy as users flock to rivals


© 2021 AFP

Citation:
Telegram app raises $1 bn by selling bonds: founder (2021, March 23)
retrieved 23 March 2021
from https://techxplore.com/news/2021-03-telegram-app-bn-bonds-founder.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more Like this articles, you can visit our Science category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!