💬 Telegram hits 900mn users and nears profitability as founder considers IPO

Telegram has grown to become one of the world’s most popular social media apps while making “hundreds of millions of dollars” in revenues, owner Pavel Durov told the FT.

“We are hoping to become profitable next year, if not this year,” said the Russia-born founder in his first public interview since 2017.

The company has “been offered $30bn-plus valuations” from potential investors including “global late-stage tech funds,” but Durov ruled out selling the platform while it explores a future initial public offering.

@RiseGS