Financial Times revealed financial

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The Financial Times revealed the financial indicators of Telegram for 2023 - revenue $ 342 million, $ 108 million operational loss, a loss after taxes $ 173 million. Telegram is a private company and may not disclose reporting. Until now, these figures have not been known.

FT claims that the case of Pavel Durov can become a disaster for Telegram. With such indicators, the assessment of the messenger for an IPO is $ 30 billion, which the founder spoke about at the beginning of the year, is problematic in itself. In addition, the company has a $ 2.4 billion debt to be repaid in two years. Telegram bonds after the arrest of Durov fell below 90 cents per dollar. The holders complain that the company does not communicate with them after the arrest.

• Now, the connection of the platform with sexual crimes from the case of Durov can scare away advertisers, this will make sufficient earnings on advertising impossible in principle, writes FT. “And all that remains is a cryptocurrency bench and advertising of quick weight loss,” says a source of publication in the market.
• A separate question for the future company is that it has the only core - Durov himself, who sees himself not the owner or shareholder, but the leader of the product. “It is still incomprehensible how Durov is now going to manage the platform, and whether it will be able to transfer it to a small group of faithful subordinates built into a corporate culture close to the cult,” FT notes.
• The founder himself said that there are only 50 people in the Telegram team, of which 30 are developers. This is true, the FT source confirms. Moreover, the team is non -independent and loyal to Durov, he makes all decisions himself. “These are very young people gained from Eastern Europe, who offered half a million dollars a year and which can soon be seen against the background of Porsche in social networks,” the newspaper writes.