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Thoughts from the CEO of Telegram
Every day, over 2.5 million new users sign up for Telegram, and earlier this year we’ve surpassed 800 million monthly active users. We are happy and grateful, even though this massive growth also means higher expenses on storage and traffic to serve our users.
Luckily, Telegram is super efficient when it comes to expenses and we had a great start with monetization last year. While not yet profitable (which would be impossible to reach on just the second year of monetization), Telegram is closer to profitability in absolute numbers than its competitors such as Twitter and Snap.
To fund Telegram’s continued growth until we reach the break-even point, this week we issued around $270 million worth of Telegram bonds as a tap of our existing bonds. Once again we've been lucky to have the participation of well-known funds with stellar reputations.
I personally bought about a quarter of the new Telegram bonds, investing tens of millions into Telegram’s growth. This comes in addition to the hundreds of millions I spent over the last 10 years to keep Telegram operational.
Some people suggested I should have instead bought a house or a jet. But I prefer to stay focused on my work, without “owning” anything (well, apart from Telegram, some Bitcoin and some Toncoin).
Hundreds of millions of people signed up for Telegram because they wanted an independent messaging platform that would put its users first. It is my responsibility – and my life’s work – to keep delivering this platform.
For years, our users have been asking us to implement Stories in Telegram. More than half of all feature requests that we receive are related to Stories.
Initially, we were against this since Stories are already everywhere. However, Telegram wouldn't be Telegram if we didn't listen to our users and didn't innovate on existing formats.
So we will be launching Stories soon – in the Telegram way:
- Privacy. You will be able to define who can see each of your stories with granular precision: Everyone, only your contacts (with exceptions), a few selected contacts, or a list of Close Friends.
- Compact UI. Stories will be placed in an expandable section at the top of your chat list, which makes them easily accessible without taking away valuable space.
- Flexibility. It will be easy to hide Stories posted by any contact, moving them to the 'Hidden' list in your Contacts section instead of the main screen.
- Captions. In addition to making use of dozens of powerful photo and video-editing tools, you will be able to provide captions for your stories to add more context or links and tag other people.
- Dual Camera Support. Building on the success of Telegram's Video Messages, we're adding the option to post photos and videos taken by the front and the rear cameras simultaneously.
- Optional Ephemerality. You'll be able to choose when a story expires – in 6, 12, 24, or 48 hours – or permanently display stories on your profile page, with individual privacy settings for each.
- More suprises! 🤩
The ability to save your stories to the profile page will make Telegram profiles more informative and colorful. You will not only be able to explore more content from your closest contacts, but finally discover more information about users you connect with in groups or channel comments.
Speaking of channels, they will benefit from more exposure and subscribers: once we launch the ability to repost messages from channels to stories, going viral on Telegram will become a lot easier.
Overall, following our internal tests of Stories, even the skeptics on our team started to appreciate this feature. We can no longer imagine Telegram without it.
Stories are in their last testing phase and will become available in early July. This will herald a new era on Telegram, where it will become even more fun and social than it currently is.
Check out a preview of Telegram Stories in the next post.
We at Telegram have been very lucky to be able to define the messaging trends for the past decade.
Just imagine: a compact team of 30 people has been responsible for creating the majority of the features you now see in modern messaging apps. Our competitors have developed a habit of copying our designs, without any alteration, to the point where it's become a running joke in the community (my favorite recent meme is this one).
We take this imitation as a compliment — it shows we're leading the way. While our competitors try to catch up, we will keep implementing top-quality features. My next post is about one of them.