Telegram CEO says French charges against him are ‘misguided’ — read his full statement
Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016.
Chris Ratcliffe | Bloomberg | Getty Images
The boss of messaging platform Telegram said late Thursday that charges against him by France are “misguided,” in his first public comments since being detained in the country nearly two weeks ago.
Pavel Durov, who founded Telegram in 2013, was last week charged with enabling criminal activity on the messaging app — including dissemination of child pornography, drug trafficking, and fraud, and refusal to share information with authorities.
One of the charges — complicity in the administration of an online platform to enable an illicit transaction in an organized gang — carries a maximum penalty of 10 years’ imprisonment and a 500,000 euro ($555,833) fine if someone is found guilty after trial.
Durov, who has been in France since his arrest on Aug. 24, posted a 5 million euro bail and remains under judicial supervision. He cannot leave French territory and has to report twice weekly to a police station, prosecutors said last week.
In his first public comments on the situation, Durov said Thursday that France’s decision to detain and charge him was based on a “misguided approach.
“If a country is unhappy with an internet service, the established practice is to start a legal action against the service itself,” Telegram’s CEO and founder said in a statement posted on his Telegram account.
“Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach.”
“Building technology is hard enough as it is. No innovator will ever build new tools if they know they can be personally held responsible for potential abuse of those tools,” he added.
Durov said that he was interviewed by French police for four days after arriving in Paris from Baku, the capital of Azerbaijan, last month.
“I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram,” he said, adding this was “surprising” as Telegram has an official representative in the EU that accepts and replies to requests.
The social media platform had already been working with French authorities to “establish a hotline with Telegram to deal with with the threat of terrorism in France,” its founder said. Durov, a citizen of the United Arab Emirates, added that he was a “frequent guest at the French consulate in Dubai.”
Prior to Durov’s arrival in France, there was speculation that he was due to meet with Russian President Vladimir Putin in Azerbaijan.
However, the Kremlin’s official spokesperson told the BBC last week that a meeting never took place.
The 39-year-old Russian-born billionaire has a net worth of about $15.5 billion, according to Forbes, making him the world’s 121st wealthiest person.
Telegram, the platform he co-founded, has been often marketed as an uncensored and neutral platform.
But this approach has courted controversy for the app, with numerous governments raising concerns that Telegram lacks sufficient content moderation controls to detect and remove illegal content.
Telegram is particularly popular in repressive regimes where usage of internet platforms is heavily restricted. It has also gained a reputation for being used by fraud gangs, drug dealers, and even designated terrorist organizations, which have previously used the service to claim responsibility for attacks.
For its part, Telegram has defended its moderation practices, saying last week that they were “within industry standards and constantly improving.”
Thanks everyone for your support and love!
Last month I got interviewed by police for 4 days after arriving in Paris. I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram.This was surprising for several reasons:
- Telegram has an official representative in the EU that accepts and replies to EU requests. Its email address has been publicly available for anyone in the EU who googles “Telegram EU address for law enforcement”.
- The French authorities had numerous ways to reach me to request assistance. As a French citizen, I was a frequent guest at the French consulate in Dubai. A while ago, when asked, I personally helped them establish a hotline with Telegram to deal with the threat of terrorism in France.
- If a country is unhappy with an internet service, the established practice is to start a legal action against the service itself. Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach. Building technology is hard enough as it is. No innovator will ever build new tools if they know they can be personally held responsible for potential abuse of those tools.
Establishing the right balance between privacy and security is not easy. You have to reconcile privacy laws with law enforcement requirements, and local laws with EU laws. You have to take into account technological limitations. As a platform, you want your processes to be consistent globally, while also ensuring they are not abused in countries with weak rule of law. We’ve been committed to engaging with regulators to find the right balance. Yes, we stand by our principles: our experience is shaped by our mission to protect our users in authoritarian regimes. But we’ve always been open to dialogue.
Sometimes we can’t agree with a country’s regulator on the right balance between privacy and security. In those cases, we are ready to leave that country. We’ve done it many times. When Russia demanded we hand over “encryption keys” to enable surveillance, we refused — and Telegram got banned in Russia. When Iran demanded we block channels of peaceful protesters, we refused — and Telegram got banned in Iran. We are prepared to leave markets that aren’t compatible with our principles, because we are not doing this for money. We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.
All of that does not mean Telegram is perfect. Even the fact that authorities could be confused by where to send requests is something that we should improve. But the claims in some media that Telegram is some sort of anarchic paradise are absolutely untrue. We take down millions of harmful posts and channels every day. We publish daily transparency reports (like this or this ). We have direct hotlines with NGOs to process urgent moderation requests faster.
However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon.
I hope that the events of August will result in making Telegram — and the social networking industry as a whole — safer and stronger. Thanks again for your love and memes
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025.
Andrew Caballero-reynolds | Afp | Getty Images
Palantir‘s stock slumped more than 9% on Tuesday, falling for a fifth straight day to continue its pullback from all-time highs.
The artificial intelligence software provider’s stock has slid more than 15% over the last five trading sessions, after a stellar earnings report earlier this month propelled shares to all-time highs. The report was Palantir’s first-ever $1 billion revenue quarter.
Tuesday’s dip coincided with a broader market pullback.
Palantir is the most significant gainer to date in the S&P 500 in 2025, up more than 100%.
Shares have more than doubled as the company benefits from ongoing AI enthusiasm, scooping up government contracts with President Donald Trump pushing to overhaul agencies.
Palantir’s ascent has pushed the company into a list of top 10 U.S. tech firms and 20 most valuable U.S. companies, while also making shares incredibly expensive to own. Its forward price-to-earnings ratio, which tracks future earnings relative to share price, has soared past 245 times.
By comparison, technology giants such as Microsoft and Apple carry a P/E of nearly 30 times and rake in significantly greater quarterly revenues. Meta‘s and Alphabet‘s P/E ratios hover in the 20s.
Ali Ghodsi, CEO of Databricks speaks on CNBC.
CNBC
Databricks has just entered an exclusive club.
The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights.
Databricks CEO Ali Ghodsi told CNBC’s Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62 billion in a $10 billion financing round late last year.
In June, Databricks executives told investors the company was forecasting $3.7 billion in annualized revenue by July, with 50% year-over-year growth.
Snowflake, one of Databricks’ top rivals, is expected to generate $4.5 billion in revenue for the fiscal year that ends in January, representing annual growth of 25%, according to LSEG. Snowflake currently has a market cap of about $65 billion. Other competitors include cloud providers such as Amazon and Microsoft, which are also Databricks partners.
Ghodsi said he heard from a lot of interested investors following Figma’s IPO late last month. Shares of the design software company more than tripled in their New York Stock Exchange debut, a sign that public investors are seeking out tech offerings after in extended lull in the IPO market.
“My phone was blowing up,” Ghodsi said on Tuesday. “So yes, there’s definitely been a big push from outside.”
Figma shares have since retreated from their initial $115.50 closing price. The stock is trading at about $70, still more than double the $33 IPO price.
Ghodsi said the round will help Databricks invest in products that clients can tap when using artificial intelligence models.
Founded in 2013 and based in San Francisco, Databricks ranked third on CNBC’s 2025 Disruptor 50 list. As of June, the company employed 8,000 people. Existing investors Andreessen Horowitz, Insight Partners Thrive Capital and WCM Investment Management are buying shares, a spokesperson said.
WATCH: Databricks CEO on AI: VCs are wondering if agentic AI will actually automate work
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background.
Idrees Abbas | Sopa Images | Lightrocket | Getty Images
Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market.
Among crypto exchanges, Coinbase and eToro fell more than 5% each, while Robinhood and Bullish both dropped more than 6%. Crypto financial services firm Galaxy Digital dropped 11%. In the burgeoning sector of crypto treasury firms, Strategy lost 7%, SharpLink Gaming slid 8%, Bitmine Immersion slumped 12% and DeFi Development tumbled 15%. Stablecoin issuer Circle lost 5%.
Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 4% to the $4,100 level, according to Coin Metrics.
Bitcoin over the past day
Investors appeared to rotate out of tech names on Tuesday. The sector had seen a boost last week as traders weighed the prospect of more interest rate cuts. Also, bitcoin touched an intraday all-time high near $125,000 last week.
On Tuesday, the Nasdaq Composite was down more than 1%, weighed down by declines in Nvidia and other tech heavyweights.
The crypto market tends to be vulnerable to moves in tech stocks due to their growth-oriented investor base, narrative-driven price action, speculative nature and tendency to thrive in low-interest rate environments.
This week, investors are watching the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo. for clues around what could happen at the central bank’s remaining policy meetings this year. If Fed Chair Jerome Powell signals more dovish policy could be ahead, crypto may bounce.
“With Powell speaking at Jackson Hole, we typically see profit-taking ahead of his remarks,” said Satraj Bambra, CEO of hybrid exchange Rails. “Any time there’s communication uncertainty from the Fed, you can generally expect some profit-taking as traders de-risk their positions.”
Crypto stocks have had a solid run in recent months — thanks to the addition of Coinbase in the benchmark S&P 500 index, the successful IPO of Circle and the GENIUS Act stablecoin framework becoming law. However, investors expect a pullback in August and through the September Fed meeting, where they hope to see central bank policymakers implement rate cuts.
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