Arm targets $60B-$70B IPO valuation, top ad agencies flee TV for YouTube

Bloomberg sources: Arm, the SoftBank-owned chip design firm, is targeting a valuation between $60B-$70B in its upcoming IPO, which could happen as soon as September - Link

The Information sources: top ad agencies are planning to spend ~10-20% more with YouTube this fall than they did last year as traditional TV ad revenue targets are down ~15% - Link

WSJ sources: China-based users traded $90B+ in crypto assets on Binance this May, despite an all-encompassing crypto ban in the country - Link

Kyle Davies, a co-founder of 3AC, told a US court that since he renounced his US citizenship in 2020, US courts no longer have jurisdiction over him - Link

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Whoop Founder and CEO Will Ahmed joins Jason to discuss Whoop’s journey (1:50), innovating on product and business model (31:38), the future of wearables (41:26), and more! - Link

According to a recent filing, Vanguard reduced the value of its stake in India-based Ola by 51.6%, implying a $3.5B valuation - Link

Nile, a startup building a Network-as-a-Service product, raised a $175M Series C co-led by March Capital and Sanabil; former Cisco execs started the company and have raised $300M in total so far - Link

Socket, a startup building software to detect vulnerabilities in open-source code, raised a $20M Series A led by a16z with participation from Box CEO Aaron Levie and Figma CEO Dylan Field - Link

Cyble, a threat intelligence startup that helps customers understand hacker motives, raised a $24M Series B co-led by Blackbird and King River Capital - Link

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