Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2 (Wall Street Journal)

Wall Street Journal:
Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2  —  Buy-now-pay-later startup, valued last year at $46 billion, could see its valuation fall by one-third in a tough environment for tech companies

J.P.Morgan downgrades India's IT sector as pandemic boom fades

The $194-billion sector whose software services helped businesses adopt to pandemic-era practices of online shopping and remote working is facing a demand slowdown this year as employees return to offices and the Russia-Ukraine war weighs on spending from clients in Europe. https://ift.tt/fCr2vUX

Not planning to block YouTube, says Russia

Russia is not planning to block Alphabet Inc's YouTube, the minister for digital development said on Tuesday, acknowledging that such a move would likely see Russian users suffer and should therefore be avoided. https://ift.tt/XhHnAMk

Amazon launches Smart Commerce in India, helping stores create online storefronts and offering tools for billing and inventory management (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Amazon launches Smart Commerce in India, helping stores create online storefronts and offering tools for billing and inventory management  —  Amazon said it will help neighborhood stores across India launch their own digital storefronts to better serve their customers, the latest effort …

Ericsson to reshuffle operations, two executives to depart

Ericsson on Wednesday laid out plans to restructure its operations to focus on business customers and mobile infrastructure, announcing two senior executives will leave the company. https://ift.tt/Naq5LIf

Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Tencent misses estimates with ~$20.1B in Q1 revenue, up 0% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak  —  Tencent Holdings Ltd. posted its slowest revenue gain on record, after a sweeping government crackdown and Chinese economic malaise …

Sennheiser launches Momentum True Wireless 3 in India: Price, features and more

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Here's how cryptocurrency price collapse offers hope for slowing climate change

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In a preliminary SEC proxy statement, Twitter says it is "committed to completing the transaction on the agreed price and terms as promptly as practicable" (PR Newswire)

PR Newswire:
In a preliminary SEC proxy statement, Twitter says it is “committed to completing the transaction on the agreed price and terms as promptly as practicable”  —  Twitter, Inc. (NYSE: TWTR) today announced that it has filed its preliminary proxy statement with the U.S. Securities …

Coinbase says it will "slow hiring and reassess our headcount needs" during the market downturn, after initially planning to triple its workforce in 2022 (Ryan Weeks/The Block)

Ryan Weeks / The Block:
Coinbase says it will “slow hiring and reassess our headcount needs” during the market downturn, after initially planning to triple its workforce in 2022  —  Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions.

Government mulls extending April GST payment deadline; asks Infosys to fix glitch on portal

The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. https://ift.tt/fiBcx2O

Despite continuing to tweet on other topics, Elon Musk has so far been silent on the Buffalo shooting livestream, a content moderation challenge (Corin Faife/The Verge)

Corin Faife / The Verge:
Despite continuing to tweet on other topics, Elon Musk has so far been silent on the Buffalo shooting livestream, a content moderation challenge  —  The free speech advocate had no comment on Twitter's scramble to block videos of the mass shooting  —  On May 14th, social media platforms …

Sharp launches ‘made in India’ water purifier at Rs 35,500

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Akuity, which provides app delivery tools for Kubernetes, raises a $20M Series A co-led by Lead Edge Capital and Decibel Partners (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
Akuity, which provides app delivery tools for Kubernetes, raises a $20M Series A co-led by Lead Edge Capital and Decibel Partners  —  Akuity, a provider of app delivery software for Kubernetes, today announced that it closed a $20 million series A funding round led by Lead Edge Capital and Decibel Partners …

How to pin a chat in WhatsApp

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