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Some privacy experts say Telegram is not secure enough Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. ā€œWe have a ton of uncertainty right now,ā€ said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. ā€œWeā€™re dealing with a war, weā€™re dealing with inflation. We donā€™t know what it means to earnings.ā€ 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 Telegramā€™s user base is already fairly crypto-savvy. It raised an initial tranche of cash ā€“ worth more than a billion dollars ā€“ 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. At this point, however, Durov had already been working on Telegram with his brother, and further planned a mobile-first social network with an explicit focus on anti-censorship. Later in April, he told TechCrunch that he had left Russia and had ā€œno plans to go back,ā€ saying that the nation was currently ā€œincompatible with internet business at the moment.ā€ He added later that he was looking for a country that matched his libertarian ideals to base his next startup. "The argument from Telegram is, 'You should trust us because we tell you that we're trustworthy,'" MarĆ©chal said. "It's really in the eye of the beholder whether that's something you want to buy into."
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