Google gains billions in value as YouTube drives ad growth

Google's class A shares chalked up their largest single-day percentage change in more than seven years on Friday. The rise in Google's market value was more than the total market capitalization of Caterpillar Inc , the world's biggest construction equipment maker

Read more

Symphony’s Wall Street messaging system aims to widen reach

By Lauren Tara LaCapra NEW YORK (Reuters) – Symphony Communication Services LLC, a Wall Street-backed messaging and information startup, is about to start offering its product more widely. The company, which has more than 30,000 users in a “beta” version of its product, will roll out a new interface and iPhone application for them on Monday, Chief Executive David Gurle told Reuters in a recent interview.

Read more

Rocket-backed Foodpanda raises $100 million in round led by Goldman

Foodpanda, an online takeaway delivery service backed by tech investor Rocket Internet, said on Friday it had received $100 million in a financing round led by a Goldman Sachs hedge fund. Goldman Sachs Investment Partners will take a seat on Foodpanda’s advisory board. Existing investors including Rocket also took part in the round

Read more

China blames hacking attack for recent Internet problems

A hacking attack using malware from overseas servers was to blame for Internet problems in China earlier this week that prevented users accessing a number of popular foreign websites, an official state-run newspaper said on Friday. The English-language China Daily, citing the National Computer Network Emergency Response Technical Team Coordination Centre, an agency that monitors China's Internet safety, said the redirection happened because some servers in China were “contaminated” by malware from overseas servers.

Read more