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this post was submitted on 11 Mar 2024
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Technology
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This is the best summary I could come up with:
Telegram founder Pavel Durov said that the company expects to hit profitability next year with eyes on going public in the future.
He mentioned that while global investors have offered the company money at a more than $30 billion valuation, Telegram aims to go public in the future.
Telegram launched a Premium subscription two years ago and within months crossed the mark of 1 million paid users.
Durov told FT that ad solutions currently are limited to certain geographies and the company mandates agencies to spend between €1mn and €10mn.
Telegram is looking to expand ad offerings globally this year and also make room for small ticket spenders.
Durov has said in the past that Telegram wants to launch AI-powered chatbots for customer service for business users.
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