Telegram Derives 40% Of Its Revenue From Crypto-Related Operations
Portfolio Pulse from Khyathi Dalal
Telegram, co-founded by Pavel Durov, derives 40% of its revenue from crypto-related operations, including an integrated wallet and sale of collectibles. Despite an operating loss, the company has raised significant investment and is valued over $30 billion. Durov's arrest in France raises concerns about Telegram's future.
August 30, 2024 | 6:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Telegram's reliance on crypto, particularly Toncoin, is significant, with 40% of its revenue tied to crypto operations. Durov's arrest has already impacted Toncoin's price, highlighting the asset's vulnerability to legal issues surrounding Telegram.
Telegram's financials show a heavy reliance on crypto, particularly Toncoin, for revenue. Durov's legal issues have already led to a drop in Toncoin's price, indicating a negative short-term impact due to uncertainty around Telegram's future.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80