Telegram reaches 900 million users and is close to profitability, founder considers IPO

According to BlockBeats, Telegram has reached 900 million users on March 11, and the company is approaching profitability, paving the way for a possible massive stock market listing. Telegram founder Pavel Durov revealed in an interview with the Financial Times that since the introduction of advertising and premium subscription services two years ago, the Dubai-based social media app has become one of the most popular social media apps in the world. Reaching "hundreds of millions of dollars." "We hope to be profitable this year or next," Durov said, giving his first public interview since 2017. Durov also mentioned that he ruled out a sale while exploring a future initial public offering (IPO), despite having received more than $30 billion in valuations from potential investors, including "global late-stage technology funds." platform possibilities. Durov emphasized that the main reason for launching a for-profit model was to maintain independence and viewed the IPO as a means to democratize access to Telegram’s value.