If riding a bucking bronco is your idea of fun, youâre going to love what the stock market has in store. Consider this past weekâs ride a preview.The weekâs action didnât look like much, if you didnât know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new appâfunded with the proceeds from the VK saleâless as a business than as a way for people to send messages while avoiding government surveillance and censorship.
