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TODAY takes a look back at the viral videos that lit up the Internet. (Today Show)

Investors rallied to push shares of newly public Chinese video site Youku up 160% from the offering price –and minted a new billionaire in the process. Youku founder and Chief Executive Victor Koo owns 34.8% of the company, according to a prospectus filed with the SEC. That means his share of the company –which TechCrunch pointed out now has a $3.3 billion market cap (greater than that of AOL) – is worth $1.1 billion. Koo joins the growing herd of Chinese tech billionaires, the best known of which is Baidu’s Robin Li the second richest man in China, according to Forbes.

YouTube forms a very small portion of Google's overall business accounting for 4% of Google's stock

A British official pressed for the removal of videos featuring calls to jihad by Anwar al-Awlaki, and a New York legislator, Anthony Weiner, sent YouTube a letter.

Log onto popular video streaming websites on a Sunday during football season and you can usually find several channels showing decent-quality live feeds of the games.

Web analytics companies predicted Lady Gaga's victory over Justin Bieber weeks ago.

Got a few minutes to kill? Check out the Annoying Orange or another of these hilarious, Internet-only series

Google Inc.'s YouTube has launched a public test of a new live-streaming video service, the site's most ambitious foray into live programming.

Natalie Tran isn’t just some 22-year-old who lives in her parent’s house, makes look-at-me videos and posts them on YouTube for kicks. OK, she is. But her clips on communitychannel have also made her one of 10 global independent YouTube stars who have earned more than $100,000 in the past year, as reported by Business Insider. Tran earned an estimated $101,000, according to TubeMogul, an analytics and advertising company partnered with Microsoft.

Many worry that Silicon Valley will upend the entertainment industry just like the Internet ravaged the music and newspaper industries. Google revolutionized the way people access information. Now it wants to transform how people get entertainment.