Masayoshi Son's reward sinks as tech

The current market cleaning in the technology sector means more than just strong course collapse. The change in the mood also affects the start financing, as there is talk of downward rounds and companies like Buy Now, Pay Later Leader Klarna rethink their IPO plans.

Klarna is headed by Sir Michael Moritz, partner of the risk capital company Sequoia Capital, who has just updated her advice for start-ups that face a dark future. In 2008 his guide was called "Rip Good Times". At the beginning of 2020 she sent a memo entitled "Coronavirus: The Black Swan of 2020".

the information has received a copy of your latest slide deck with the less memorable title "Adapting to Endure". It describes this as a "crucible moment" and suggests founders to act quickly to expand their runway and reduce costs to ensure that they do not run out of money.

"We assume that the market extinguishing is on consumer behavior, the labor markets, the supply chains and more. It will take a longer recovery, and although we cannot predict how long, we can advise you on how to prepare and get to the other side," says Sequoia.

Even those who invest in start-ups buckle the belt closer. Softbank has shortened the wages of its top executives after his vision found had a historical loss of 3.5 trillion yen ($ 27.6 billion), reports Antoni Slodkowski in Tokyo. According to official documents at Tokyo Stock Exchange, CFO Yoshimitsu Goto in the past financial year, which ended on March 31, 293 million yen ($ 2.3 million), which corresponds to a decrease of 40 percent compared to 480 million yen in the previous year.

The payment of the founder Masayoshi Son remains unchanged and according to Lex, investors should ask themselves whether it is worth holding shares in a company that still pays the managers high to cut them down behind the market.

The Internet of (five) things

1. Tether's Bahamas connection
tether held part of his reserves at a small bank on the Bahamas called Capital Union, said people familiar with the matter and gave further information about how the group manages the $ 73 billion, which underpins the cryptomarkt. After the collapse of Terrausd, legal professor Hilary Allen says that people ask the wrong questions about stable coins.

2. Italy's broadband consolidation
The indebted Telecom Italia has signed a preliminary agreement with investors to bring their landline systems together with the smaller competitor Open Fiber and thus pave the way for a single Italian broadband champion.

3. Japan's frightening amount of data falsifications is also encouraging
toyota, Japan Steel Works and Mitsubishi Electric are among those who have recently granted years of data for falsification. While the search for an explanation is becoming increasingly intensive, there is a common ground between the scandals in the fact that the whistleblowers have given a voice through the ESG obligations of the companies, Leo Lewis writes. There is no "data", they are worth nothing and they don't belong to them anyway, says Benedict Evans.

4. "Top Gun: Maverick" has hopes for a cinema revival in the summer
The sequel to the film from 1986, which made Tom Cruise one of the greatest stars of Hollywood, brought in $ 248 million worldwide and gave the fighting cinema owners hope for a resuscitation of the summer years after two lean years Pandemic and the spread of streaming were caused by services.

5. Gaming as a gateway to the meta verse-ft film
The 180 billion dollar gaming industry, which is twice as large as the film business, already attracts hundreds of million players. But while technology leader struggles to create the next iteration of the Internet, Gaming has become a battlefield. This FT film examines how gaming got so big and whether it can really be the goal for this new world. Or will regulation, integration and simple old reality stand in the way?

Tech tools-Xiaomi TV F2 series

The Chinese smartphone manufacturer Xiaomi further expands its ecosystem and today launches three televisions in Great Britain. The Xiaomi TV F2 series has integrated Amazon's Fire TV and Apple's AirPlay and is available in three sizes: 43 inches, 50 inches and 55 inches. From today they are available for £ 399, £ 449 or £ 499. There is also an "early booker" offer for all models, with the 43-inch version for £ 339, the 50-inch version for £ 379 and the 55-inch version for £ 4 is sold. The characteristics include a 4K UHD display, Dolby Audio, Alexa voice commands and four HDMI 2.1 connections.