ETtech Unwrapped: Confusion, chaos, and disruption in wake of Delhi's bike taxi ban

The notice issued by the Delhi government last week warned bike taxi operators such as Rapido, Ola and Uber to not ply on Delhi roads as it violates the motor vehicle laws.

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Meta tweaks its controversial 'cross-check' system for VIPs

The oversight board had called for an overhaul of the company's controversial "cross check" system, which adds a layer of enforcement review for millions of Facebook and Instagram accounts belonging to celebrities, politicians and other influential users, allowing them extra leeway to post content that violates the company's policies.

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Coinbase buys digital asset firm One River Digital in growth push

The company did not disclose the financial details of the deal, in which ORDAM will become Coinbase Asset Management and operate as a fully-owned unit of Coinbase.

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AI boost lifts Broadcom forecast amid lingering enterprise weakness

Broadcom, which supplies chips used in data centres for networking and specialised chips that speed up AI work, expects networking revenue to grow 20% in the current quarter.

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SoftBank's Arm to pursue US-only listing this year

Arm did not completely rule out an eventual London listing, saying it intended to consider a subsequent initial public offering there in due course, without providing further details.

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Microsoft set to win EU nod on Activision with licensing offer

Microsoft announced the Activision bid in January last year, its biggest ever, to take on leaders Tencent and Sony, in the booming videogaming market and to venture in the metaverse which is virtual online worlds where people can work, play and socialise.

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Ads on fintechs pay off for D2C firms; don’t use bikes as taxis for deliveries, Delhi govt tells online platforms

With a captive user base and high user engagement, fintechs such as Paytm, PhonePe, and Google Pay are becoming popular with direct-to-consumer (D2C) brands seeking a platform to advertise and acquire customers. This and more in today’s edition of the ETtech Morning Dispatch.

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