Google's YouTube growth allays fears over Facebook threat
17 July 2015 - 17:15
Google's strong growth in mobile advertising revenue allayed concerns the company's YouTube business could be hurt by Facebook Inc's efforts to cash in on the growing popularity of videos on smartphones and tablets. Google's shares rose 13 percent to $680.97 in premarket trading on Friday, suggesting that the company's market value was set to rise by about $50 billion.
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