This is related to the arrest of Pavel Durov, as reported by the Financial Times.
The publication notes that the company was forced to indefinitely postpone its planned IPO, which was expected to attract significant additional funding. Without this capital, Telegram risks finding itself on the brink of financial disaster if alternative sources of financing are not secured.
Furthermore, according to the Financial Times, Telegram’s revenue in 2023 amounted to $342 million, of which $108 million was spent on operating expenses. As a result, the company posted a net loss of $173 million, further exacerbating its financial instability. Given these figures, the company is facing an increasing need to urgently raise capital to continue its operations and growth.
