Elon Musk has an option to purchase Twitter for $44 billion. For argument’s sake, let’s say Twitter has 300 million monthly active users (MAU). If so, he is paying approximately $147 per MAU. Telegram, on the other hand, has approximately 550 million MAUs. Using the same math, Telegram should be worth approximately $80 billion, but Twitter and Telegram are apples and oranges. Twitter is a publicly traded company with a traditional corporate form. Telegram is something completely different.
If you are unfamiliar with Telegram’s story, today (as it announces that its users will be able to send and receive crypto using the messaging app) is a great day to learn about the organization of decentralized (Web3) businesses.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.