Telegram has nearly one billion users, including 12 million subscribers who pay about US$5 (RM89) a month for added features. — Image by freepik
In recent months, Telegram, the lightly moderated social media app, has held discussions with investors who lent it more than US$2bil (RM8.95bil). The goal: to reassure them that the company remains a viable bet after its founder, Pavel Durov, was arrested in France in August on charges related to illicit activities on the platform.
In the conversations, Telegram told investors that it was tackling its legal troubles head-on by policing more user-generated content. The company also said it had paid down a “meaningful amount” of its debt, according to an investor in the talks who was not authorised to discuss confidential information.
