The CEO of HP Mark Hurd believes that more data will be created in the coming four years than it was in the history of mankind. It may not be an exaggeration if you consider that Facebook now has more than 500 million users; if it were a country it would be the third most populous after China and India. Data is generated by people who are spending increasing amounts of time on the internet and participating in a variety of activities.

Sometimes the most innovative and effective solution can be so simple that one cannot but be surprised and smile at the suggestion. Delhi’s traffic police have hit upon one such solution – they are using Facebook to rein in traffic rule-breakers. The city has been notorious for its unruly drivers who have made it a habit to ignore red lights, crosswalks and don’t think twice before driving into bicycle or lanes if they are less congested.

Small businesses in Bay Area, California, had been helplessly witnessing a steady decline in business as big name retailers opened local chapters and also offered a relentless flow of tempting online offers at their websites. This was till Jason Sutherland a web designer opened the web-based community portal called Peninsula Shops. Sutherland had envisioned Peninsula Shops as a ‘chamber of commerce on steroids’. He intended to help local businesses stay relevant and improve their profits with the help of latest online marketing ideas.

Facebook is now amid a legal quarrel after the Electronic Privacy Information Center, a group that advocates Internet privacy, filed a complaint with the Federal Trade Commission on Thursday, arguing that recent changes to the company's privacy policies are violating federal laws.

At the heart of the battle are the changes in policy made by the social network a little over a week ago about what information is available to the public and indexed by search engines or just visible to friends.

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As CFO of the world’s largest social-networking Web site—Facebook claims 200 million users worldwide—Mr. Ebersman will report to founder and CEO Mark Zuckerberg on all financial matters and real estate operations. 

“He was Genentech's CFO while revenue tripled, and his success in scaling the finance organization of a fast-growing company will be important to Facebook,”  Mr. Zuckerberg said in a statement.