𝐜𝐬𝐡𝐞𝐧𝐥𝐞.

𝐜𝐬𝐡𝐞𝐧𝐥𝐞.

𝐜𝐬𝐡𝐞𝐧𝐥𝐞. Telegram | DID YOU KNOW?

At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. For tech stocks, “the main thing is yields,” Essaye said. He adds: "Telegram has become my primary news source." Anastasia Vlasova/Getty Images
𝐜𝐬𝐡𝐞𝐧𝐥𝐞. from sa

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