Telegram's Rapid Growth Is Bad News for Facebook's WhatsApp

Jamal Carnette, CFA, The Motley Fool
·4-min read
Telegram's Rapid Growth Is Bad News for Facebook's WhatsApp

Privacy-focused messaging app Telegram continues its torrid streak of user growth. On Tuesday, founder Pavel Durov announced the service had grown to more than 500 million active users. Telegram still significantly trails Facebook's (NASDAQ: FB) WhatsApp, which boasts 2 billion users, but the upstart is slowly chipping away at that lead.