1. The Social Network

    Facebook to Gross $2 Billion

    Its founder was announced as Time magazine's Person of the Year on Wednesday, but now Facebook has even better news: The company is expected to gross $2 billion this year, over twice its 2009 revenue. Facebook's 500 million users have made it an attractive destination for big-name advertisers like Coca-Cola, JPMorgan Chase, and Adidas. Facebook grossed $700 million to $800 million last year, and will surpass $2 billion at about the same pace as Google did in 2003.

    Read it at Bloomberg News