Telegram founder says the company will become profitable next year | TechCrunch

“The main reason why we started to monetize is because we wanted to remain independent. Generally speaking, we see value in [an IPO] as a means to democratize access to Telegram’s value,” he told FT.

How? Doing an IPO means your priorities shift from users to money making otherwise shareholders will sack the C suite and replace them with people who align with money making.