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𝗖𝗢𝗨𝗕 𝗩𝗜𝗗𝗘𝗢 | 𝗣𝗿𝗮𝗻𝗸 𝗙𝗮𝗶𝗹 & 𝗙𝘂𝗻𝗻𝘆 𝗩𝗶𝗱𝗲𝗼𝘀 》 Telegram | DID YOU KNOW?

A project of our size needs at least a few hundred million dollars per year to keep going,” Mr. Durov wrote in his public channel on Telegram late last year. “While doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.

To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.