Telegram's "Encrypted Accounting": Net Loss Behind Surge in Revenue and the $450 Million Token Sale Controversy
Telegram recently came back into the spotlight due to a financial report sent to investors: the revenue curve is rising, but net profit is heading downward. The key variable here is not the slowdown in user growth, but rather the decline in the price of TON, which has "penetrated" the fluctuations in assets into the profit statement.