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BY PATELWEALTH
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BY PATELWEALTH
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the companyโs plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
Launched in 2013, Telegram allows users to broadcast messages to a following via โchannelsโ, or create public and private groups that are simple for others to access. Users can also send and receive large data files, including text and zip files, directly via the app.The platform said it has more than 500m active users, and topped 1bn downloads in August, according to data from SensorTower.๐ซโ๐บโ๐ณโ๐ณโ๐พโ ๐ปโ๐ฎโ๐ฉโ๐ชโ๐ดโ๐ธโ ๐๐คฃ๐& 33; ๐๐๐๐๐ ๐๐๐ฟ๐๐๐ from it