1) Telegram is one of the top 10 and fastest growing messaging apps, despite questions around its intellectual property rights. 2) Mobile instant messaging has become the new social networking platform and threatens established social networks like Facebook due to its efficient scaling model and high user engagement levels. 3) Messaging apps steal business from telecom companies by disrupting the $120B SMS market, and the sector has seen large acquisitions like WhatsApp being bought for $19B, making it an attractive opportunity for investors.