Telegram’s Financial Statement Exposes Heavy Reliance on Crypto Assets and Major Financial Struggles
Pavel Durov’s recent arrest has disrupted Telegram’s IPO plans and raised doubts about its $30 billion valuation, given its $259 million loss in 2023 and heavy reliance on volatile cryptocurrency assets. The platform’s financial struggles are compounded by its legal issues and a significant decline in Toncoin's value following Durov's arrest.
