𝐌𝐄𝐌𝐎𝐑𝐈𝐄𝐒 𝐎𝐅 🏴‍𝐏𝐑𝐈𝐃𝐄 𝐇𝐘𝐏𝐄𝐑𝐙𝐎𝐍𝐄'²¹𝐎𝐅𝐂

𝐌𝐄𝐌𝐎𝐑𝐈𝐄𝐒 𝐎𝐅 ‍𝐏𝐑𝐈𝐃𝐄 𝐇𝐘𝐏𝐄𝐑𝐙𝐎𝐍𝐄& 39;²¹𝐎𝐅𝐂 Telegram | DID YOU KNOW?

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 Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.

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.