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The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersâor maybe the next Silverado?âechoed through the canyons of Wall Street as investors prepared for the worst.
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.
