Telegram's CEO Pavel Durov announced the platform achieved profitability in its 11th year, primarily driven by ads and a premium subscription service that costs $4.99.
The success story of Telegram highlights a significant turnaround: last year, the messaging service reported losses of $108 million, while now it boasts over $1 billion in revenue and $500 million in cash reserves.
Durov emphasized the importance of financial sustainability for social media platforms, stating that Telegram's results show it's possible to respect user rights while being profitable.
Despite Telegram's financial success, the company struggles with global scrutiny regarding misinformation, and Durov faces legal challenges in France related to alleged criminal activities on the platform.
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