Messaging platform Telegram is nearing a significant milestone, with founder Pavel Durov revealing the app has reached close to 900 million users worldwide. This comes alongside news of Telegram's potential profitability in the near future and the company's exploration of an initial public offering (IPO).
Durov, known for his emphasis on user privacy, expressed optimism about Telegram's financial health. "We are hoping to become profitable next year, if not this year," he stated. This profitability is being pursued without compromising Telegram's core values. The company reportedly received significant investment offers, with valuations exceeding $30 billion. However, Durov has firmly rejected these proposals, prioritizing Telegram's independence.
Looking towards the future, Telegram is setting its sights on a potential IPO. "Generally speaking, we see value in [an IPO] as a means to democratise access to Telegram's value," Durov explained. An IPO would allow a wider range of investors to share in Telegram's success, potentially furthering the company's long-term goals.
Telegram's user base has seen a steady rise in recent years, particularly following increased scrutiny of competitor WhatsApp's data collection practices. The platform is known for its focus on speed, security, and large file sharing capabilities. These features have resonated with users who value privacy and control over their data.
While a specific timeline for profitability or an IPO hasn't been announced, Durov's comments signal a potential shift for Telegram. The company's trajectory suggests it may soon transition from a user-funded model to a more traditional financial structure. Whether through profitability or an IPO, Telegram's path forward will likely be shaped by its commitment to user privacy and its ability to maintain its competitive edge in the ever-evolving messaging app landscape.