AVN 64.80 Increased By ▲ 0.63 (0.98%)
BAFL 30.90 Increased By ▲ 1.00 (3.34%)
BOP 4.73 Increased By ▲ 0.10 (2.16%)
CNERGY 3.87 Decreased By ▼ -0.02 (-0.51%)
DFML 13.44 Increased By ▲ 0.09 (0.67%)
DGKC 41.34 Increased By ▲ 0.49 (1.2%)
EPCL 46.23 Decreased By ▼ -0.77 (-1.64%)
FCCL 11.39 Increased By ▲ 0.39 (3.55%)
FFL 5.05 Decreased By ▼ -0.03 (-0.59%)
FLYNG 5.81 Increased By ▲ 0.04 (0.69%)
GGL 9.90 Increased By ▲ 0.15 (1.54%)
HUBC 64.06 Increased By ▲ 2.11 (3.41%)
HUMNL 5.67 Increased By ▲ 0.02 (0.35%)
KAPCO 27.83 Increased By ▲ 0.25 (0.91%)
KEL 2.13 Decreased By ▼ -0.02 (-0.93%)
LOTCHEM 24.35 Increased By ▲ 0.05 (0.21%)
MLCF 21.36 Increased By ▲ 0.64 (3.09%)
NETSOL 84.43 Increased By ▲ 1.33 (1.6%)
OGDC 87.80 Increased By ▲ 1.75 (2.03%)
PAEL 10.92 Increased By ▲ 0.12 (1.11%)
PIBTL 4.17 Increased By ▲ 0.03 (0.72%)
PPL 77.53 Increased By ▲ 1.34 (1.76%)
PRL 13.65 Decreased By ▼ -0.01 (-0.07%)
SILK 0.88 Decreased By ▼ -0.01 (-1.12%)
SNGP 41.75 Increased By ▲ 1.00 (2.45%)
TELE 5.89 Increased By ▲ 0.01 (0.17%)
TPLP 15.81 Increased By ▲ 0.16 (1.02%)
TRG 112.65 Increased By ▲ 2.55 (2.32%)
UNITY 13.97 Increased By ▲ 0.22 (1.6%)
WTL 1.14 Decreased By ▼ -0.01 (-0.87%)
BR100 4,048 Increased By 80.6 (2.03%)
BR30 14,467 Increased By 282.1 (1.99%)
KSE100 40,673 Increased By 801.8 (2.01%)
KSE30 15,190 Increased By 292.7 (1.96%)
Follow us

MOSCOW: The encrypted messaging app Telegram has raised over $1 billion by selling bonds to foreign investors, its Russia-born founder Pavel Durov said Tuesday.

Durov, 36, wrote on his Telegram channel that the bonds were sold to “some of the largest and most knowledgeable investors from all over the world”. He added that this will allow Telegram to grow “while sticking to its values and remaining independent”.

Durov said the funds will fuel the app’s monetisation strategy that was outlined in December, according to which the platform will launch paid services this year.

Telegram is a popular social media platform in a number of countries, particularly in the former Soviet Union and Iran, and is used both for private communications and sharing information and news.

It was founded in 2013 by brothers Pavel and Nikolai Durov, who also founded Russia’s social media network VKontakte.

According to Durov, the app had more than 500 million monthly active users at the start of January when it experienced a boom in new users after Whatsapp announced a change to its privacy policy. Telegram refuses to cooperate with authorities and hand over encryption keys, which has resulted in its being banned in several countries, including Russia. Moscow reversed course on the app last year, however, after more than two years of unsuccessful attempts to block it.

Comments

Comments are closed.

Telegram app raises $1bn by selling bonds

Death toll in Peshawar mosque suicide blast rises to 100

After 29 successive losses, rupee sees some gain, settles at 267.89 against US dollar

Inflationary pressure expected to calm down gradually: Finance Division

KSE-100 jumps 800 points owing to optimism over IMF talks

Pakistan’s performance worsens, rank remains same in corruption perception index

Barrick Gold makes first payment of $3mn to Balochistan govt

Indus Motor to shut down plant for two weeks

Toshakhana case: Islamabad court decides to indict Imran Khan on February 7

Atlas Honda increases motorcycle prices in Pakistan by up to Rs30,000

Govt offers its SOE stakes to 2 UAE firms