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Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. The Dow Jones Industrial Average fell 230 points, or 0.7%. Meanwhile, the S&P 500 and the Nasdaq Composite dropped 1.3% and 2.2%, respectively. All three indexes began the day with gains before selling off. 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. Just days after Russia invaded Ukraine, Durov wrote that Telegram was "increasingly becoming a source of unverified information," and he worried about the app being used to "incite ethnic hatred." On December 23rd, 2020, Pavel Durov posted to his channel that the company would need to start generating revenue. In early 2021, he added that any advertising on the platform would not use user data for targeting, and that it would be focused on “large one-to-many channels.” He pledged that ads would be “non-intrusive” and that most users would simply not notice any change.
Shin Chan Crypto Community 🔱 | 小新交流群 🔱 from no
Shin Chan Crypto Community 🔱 | 小新交流群 🔱IEO hunter, Project analyst, Project reviewer, Investor.
Shin Chan IEO/ICO Alerts 🔱
@MoonWithShinChan
Founder @IvanChong90
Co-Founder @ElsonTeh
Please do your own research, all information here is not financial advise.
Shin Chan IEO/ICO Alerts 🔱
@MoonWithShinChan
Founder @IvanChong90
Co-Founder @ElsonTeh
Please do your own research, all information here is not financial advise.
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