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𝗕𝗢𝗜𝗦𝗔𝗖𝗧𝗜𝗢𝗡 𝗦𝗧𝗢𝗥𝗘 | 𝗣𝗨𝗕𝗚 𝗠𝗢𝗕𝗜𝗟𝗘 𝗦𝗛𝗢𝗣 𝗬𝗞-𝗜𝗡𝗔 Telegram | DID YOU KNOW?

Telegram was co-founded by Pavel and Nikolai Durov, the brothers who had previously created VKontakte. VK is Russia’s equivalent of Facebook, a social network used for public and private messaging, audio and video sharing as well as online gaming. In January, SimpleWeb reported that VK was Russia’s fourth most-visited website, after Yandex, YouTube and Google’s Russian-language homepage. In 2016, Forbes’ Michael Solomon described Pavel Durov (pictured, below) as the “Mark Zuckerberg of Russia.” "And that set off kind of a battle royale for control of the platform that Durov eventually lost," said Nathalie Maréchal of the Washington advocacy group Ranking Digital Rights. "There is a significant risk of insider threat or hacking of Telegram systems that could expose all of these chats to the Russian government," said Eva Galperin with the Electronic Frontier Foundation, which has called for Telegram to improve its privacy practices. 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. 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 “no plans to go back,” saying that the nation was currently “incompatible with internet business at the moment.” He added later that he was looking for a country that matched his libertarian ideals to base his next startup.
𝗕𝗢𝗜𝗦𝗔𝗖𝗧𝗜𝗢𝗡 𝗦𝗧𝗢𝗥𝗘 | 𝗣𝗨𝗕𝗚 𝗠𝗢𝗕𝗜𝗟𝗘 𝗦𝗛𝗢𝗣 𝗬𝗞-𝗜𝗡𝗔 from SA

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