Facebook launched the Open Compute Project almost two years back and now the company is pumping in more resources into it. The company announced on Wednesday that it would invite inputs from all over on its open source top-of-rack switch. The company is looking gain input from others before it decides on making hardware for the community.

Facebook Home has now crossed over 500,000 installations on Android devices across the globe. The number is significant due to the limited availability of the Android based launcher on Android smartphones. One can only imagine how quickly this number can play with the millions mark once it starts supporting more Android devices. Facebook might have nearly nailed its strategy to become a major engaging platform on mobile phones.

Facebook recently launched a highly customized family of applications that turn any Android phone into a Facebook phone - Facebook Home. The launch ended year long speculations that the company was building its own smartphone or even a mobile operating system. Facebook Home received mixed reviews from analysts and technology enthusiasts. But what everyone seems to be missing is how big this is for Facebook's business and its future.

Goals for the New Year typically involve getting in shape, saving money, becoming better organized or finally taking that tropical vacation. Whether you’re interested in jet-setting around the globe or simply getting more organized, you should not ignore the role the virtual world plays in your everyday life.

Flipboard today announced an update to its content discovery app that includes a number of refreshing changes and new features. The company also mentioned that the app is now used by over 50 million users worldwide.  With the 2.0 update, Flipboard is looking to up the standards for content discovery and consumption amongst mobile devices such as smartphones and tablets. The app is available on iOS and Android devices.

India-based IT consulting and software services provider Sonata Software has announced a global alliance with US-based TIBCO Software Inc (NASDAQ: TIB) to sell and implement the enterprise social networking platform, tibbr.

YouTube today joined the billion monthly users club. Google made an announcement that YouTube now has 1 billion monthly users. The search giant said that YouTube is used by one out of every two people on the Internet.The video site's monthly number of viewers would form a country with the world's third-largest population after China and India. Google had acquired YouTube in 2006 for a sim of $1.65 billion. In hindsight, the deal made absolutely all the sense in the world.

In order to tap the true power of the cross-company collaboration, Yammer, a best-in-class Enterprise Social Network and part of the Microsoft Office Division has announced to add message translation capabilities. These capabilities will enable users to translate Yammer conversations into their native languages.

Facebook has acquired Storylane, a community story sharing service. In a blog post on Storylane, the company's CEO Jonathan Gheller announced that Facebook has acquired the the company's team rather than the product itself. Storylane is a "story telling" site, aimed to become a personal blogging tool for users. The movie signifies how important content creation is for Facebook, especially after the latest update to its newsfeed design.

Get ready to bid goodbye to your cluttered newsfeed. Or that's what Facebook is now promising. According to its design head, "clutter" is one of the biggest concerns amongst its users when it comes to the newsfeed. Launched in 2006, Facebook's newsfeed quickly became one of the biggest aspects of the social network even after it faced backlash from initial users. Newsfeed is most certainly the most accessed feature on Facebook.