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This glossary includes the most common terms and expressions TechCrunch uses in our security reporting, and explanations of how — and why — we use them. © 2024 TechCrunch. All rights reserved. For personal use only.
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Prosus buys Despegar for $1.7B, taking a bite out of Latin America’s travel sector
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region. Despegar’s board of directors…
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Pavel Durov says Telegram is now profitable
Telegram founder Pavel Durov said Monday that the company is now profitable. Durov said the chat app’s total revenue surpassed $1 billion in 2024. The company, which launched its premium subscription service in 2022, now has 12 million paid users. Durov also said that the app is finishing the year with more than $500 million…