Telegram’s Userbase Soars, Tech Billionaires’ City Plan on Hold

Telegram's userbase climbs to 950M as it plans to launch an app store. A tech billionaire-backed plan to build a new city in California faces a major roadblock. Plus, Monarch Tractor raises $133M to escape a challenging time. Also, India scraps 'angel tax' in a boost to startups.

Sources:
https://techcrunch.com/2024/07/23/telegrams-userbase-climbs-to-950m-plans-to-launch-app-store/
https://www.theverge.com/2024/7/22/24203960/california-forever-billionaire-city-environmental-impact-study
https://techcrunch.com/2024/07/22/monarch-tractor-ceo-says-133m-raise-will-help-it-escape-quite-a-challenging-time/
https://techcrunch.com/2024/07/23/india-scraps-angel-tax-in-boost-to-startups/

Outline:
(00:00:00) Introduction
(00:00:45) Telegram's userbase climbs to 950M, plans to launch app store
(00:03:30) Tech billionaires can’t build their ‘California Forever’ city yet
(00:06:06) Monarch Tractor CEO says $133M raise will help it escape 'quite a challenging time'
(00:08:45) India scraps 'angel tax' in boost to startups