As message application Telegram is set to hit the 5 lakh mark or 500 million active users globally, the company is mulling to generate revenue, starting 2021, according to the platform’s founder Pavel Durov. The company has announced its 12th major update of the year.
“As Telegram approaches 500 million active users, many of you are asking the question — who is going to pay to support this growth? After all, more users mean more expenses for traffic and servers. A project of our size needs at least a few hundred million dollars per year to keep going.
“For most of the history of Telegram, I paid for the expenses of the company from my personal savings. However, with its current growth Telegram is on track to reach billions of users and to require appropriate funding. When a tech project reaches this scale, typically there are two options — start earning money to cover the costs, or sell the company,” Pavel Durov, Founder, Telegram, said in a statement.
Telegram which topped 400 million active users earlier this year in April, would bring its own ad platform for public one-to-many channels.
The cloud-based instant messenger app has rolled out a major update comprising multiple new features and improvements for overall user experience. These include Voice Chat for Telegram Groups, SD Card storage, and new UI animation for Android version of the app, new media editor capabilities along with fast loading and better looking animated stickers.
“We are not going to sell the company like the founders of WhatsApp. The world needs Telegram to stay independent as a place where users are respected and high-quality service is ensured. Telegram must continue to serve the world as an example of a tech company that strives for perfection and integrity. And, as the sad examples of our predecessors’ show, that is impossible if you become part of a corporation,” Pavel Durov added.
It would launch a new feature suggestion platform to help identify potential new features and locate bugs, through user inputs and feedback.