𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 𝐏𝐑𝐎𝐓ΣÚ𝐒

𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 𝐏𝐑𝐎𝐓ΣÚ𝐒

𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 𝐏𝐑𝐎𝐓ΣÚ𝐒 Telegram | DID YOU KNOW?

Stocks closed in the red Friday as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on U.S. consumer sentiment. 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. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.” On Telegram’s website, it says that Pavel Durov “supports Telegram financially and ideologically while Nikolai (Duvov)’s input is technological.” Currently, the Telegram team is based in Dubai, having moved around from Berlin, London and Singapore after departing Russia. Meanwhile, the company which owns Telegram is registered in the British Virgin Islands. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks.
𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 𝐏𝐑𝐎𝐓ΣÚ𝐒 from ua

𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 𝐏𝐑𝐎𝐓ΣÚ𝐒⌗ 𝐏art of : @OFCPROTEUS

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