Good question, what are telegram revenues and how does it justifies a 30 billions valuation, I don’t know, I don’t use the app even, does it has a paying options? Ads?

I think we can say it’s deceptive Fiat math I guess, like how Uber was making a ton of money in revenue but still making huge losses. I believe Durov mentioned in his first interview with Tucker, that they had gotten some PE loans or a LOC, I am hazy on the specifics and that coupled with the altcoin and ad revenue was how they kept the lights on. The deceptive part is probably about throwing off the powers that be & competitors. My own speculation and definitely could be wrong

Yeah - I've thought similar before. As an admin of an open group, the platform seems to be a hub for scammers, impersonators, sex workers & drug dealers. This type of user seems to be easily created & then sent off to fish for gullible users. On a centralised platform this kind of activity should be relatively easy to stamp out, but it's not. I know of several users who've been scammed by impersonators over the years.

I can only assume there's a way to pay to easily create "worker" accounts.

There's also a strong incentive to quietly sell user or chat data to third parties.

It's only a matter of time before I walk away from all the telegram groups I'm in. I really dislike it.