Chat app chaps may even turn a profit this year
According to Durov, potential investors have offered the company valuations in the order of $30 billion, although it is currently considering a possible IPO."Generally speaking, we see value in as a means to democratise access to Telegram's value."to the company:"Everything sent on Telegram is securely encrypted" and researchers can check out how the company has implemented its security by poking around its source code.
However, the secure and private nature of the platform has also made it a favorite of criminals and a potential target for regulations, such as the UK's Online Safety Bill, where authorities could potentially demand access to end-to-end encrypted communications. It is also worth noting that end-to-end encryption for messages is not the default. While Telegram uses encryption, customers must use secret chats to ensure that no trace of their messaging is left behind and that their communications are not part of the Telegram cloud service.
Matthew Hodgson, CEO of Element and co-founder of Matrix, opined:"It's relatively easy for Telegram to build a product for 900 million users given it’s not encrypted by default, or decentralised, and as a result is generally jumping from the frying pan into the fire."Durov did not commit to a firm timeline for an IPO, although a US listing seems likely. According to the FT, Durov said that Telegram had"studied several options.
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