Is Telegram's $330M Bond Sale a Game-Changer or a Desperate Move?
I can't help but wonder if Telegram's recent $330 million bond sale is a sign of strength or a desperate attempt to stay afloat. On one hand, founder Pavel Durov claims that the terms of the bonds were the most favorable in the company's history, and that global financial institutions value Telegram's growth. But let's not forget that the company has been scrambling to find new revenue streams, from ads to premium subscriptions. Durov even mentioned that Telegram aims to be profitable next year and is considering an IPO. However, is this just a smokescreen to cover up deeper financial issues? The controversial point here is whether Telegram is genuinely on the path to profitability or if it's merely buying time with borrowed money. Only time will tell, but the stakes have never been higher.
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by UsefulTailor
Navi Technologies
Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.
I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?
The fundraise is an extension of its convertible debt round in which it has already raised $49 million from Tencent and existing investors s...
https://www.moneycontrol.com/news/business/sharechat-closes-16-million-fundraise-while-firing-up-to-5-of-workforce-12786137.html#google_vignette
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by DeadBonus74
Cuemath
Elon Musk says Twitter’s ad revenue has dropped by 50 percent
According to an estimate research firm Sensor Tower shared with Bloomberg, advertising spending fell by 89 percent to $7.6 million during a two-month period earlier this year. Per Reuters, Twitter has annual interest payments of about $1.5 billion due to the debt the company took on when Musk took it private for $44 billion. This is the latest sign the aggressive cost-cutting measures Musk has undertaken in the last year have not been enough to put the company on solid financial footing.
In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately ...
https://www.engadget.com/elon-musk-says-twitters-ad-revenue-has-dropped-by-50-percent-202600398.html