Telegram has hit a major milestone: profitability. In 2024, the platform's revenue soared past $1 billion, marking its first profitable year since its launch in 2013. This is a significant leap from the $350 million revenue reported in 2023. Additionally, Telegram now boasts over $500 million in cash reserves, excluding its crypto assets.

However, this achievement comes amid some serious challenges. In August 2024, founder and CEO Pavel Durov was arrested in France on charges including complicity in the distribution of child exploitation material and drug trafficking. He was later released on bail but remains under judicial supervision, unable to leave France.

Despite these legal hurdles, Telegram has been proactive in addressing its financial obligations. The company has repaid a significant portion of its $2 billion debt, demonstrating its commitment to financial stability.

The crypto community has been particularly interested in Telegram's financial health. The platform's cryptocurrency holdings have increased, partly due to favorable market conditions. As of early 2024, Telegram's crypto assets were valued at approximately $1.3 billion.

Market sentiment around Telegram is mixed. While the profitability news is a positive indicator, Durov's legal issues have raised concerns among investors. Some fear that these challenges could impact Telegram's operations and future plans, including a potential IPO that was hinted at for early 2026.

In the broader tech community, reactions have been varied. Notably, Elon Musk praised Telegram's achievement on social media platform X, highlighting the app's resilience and growth.

So, what's next for Telegram? The company has stated that it remains fully owned by Pavel Durov, who has no intention or need to sell any equity. They've also assured investors that all obligations will be met on time. However, the ongoing legal proceedings could influence future strategies and market performance.

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