"Telegram is getting rich, and the world is getting sad" 🔥😵‍💫

Despite the bad news from the markets, there are definitely some people who are doing well 👌

📌So, what do we have here? Telegram got rich on crypto in the first half of 2024 🚀. The value of the company's crypto assets soared from $400 million to $1.3 billion! The main character of the story is Toncoin 💰.

💼 But here are more specifics:

1. Sale of Toncoin: Telegram sold crypto for $353 million.

2. Exclusive deal with an unknown partner: $225 million for small businesses to pay in Toncoins for advertising on Telegram. This “exclusivity” lasted until October.

💰Tex, what's going on in Baku?

Telegram now in the black by $335 million after taxes. For comparison: in 2023, the company earned $342 million, but still ended up in the red by $173 million. What a turn of events! 🙃

Here's who's doing well 👌, and living well is even better 😉

📌Telegram is actively working on developing two areas:

1. Advertising: Revenues doubled to $120 million.

2. Premium subscriptions: Brought in $119 million — 4 times more than a year ago!

We can only be glad that the Telegram team is doing just fine 👍. Congratulations to them 🎉🎈🍾