Twitter has announced a new feature called “Suggestions For You.” This feature suggests people who you do not already follow and that you may find interesting. The suggestions are based on people that you already follow and who they follow. This feature is tucked in the “Find People” section.

A crucial part of Netflix’s growth is their Watch Instantly service. Netflix is spending a vast amount of money in their streaming video services. In a recent 10-K filing with the SEC, Netflix revealed that they spent $66 million in the second quarter to license streaming titles for their Watch Instantly service. The year before that, Netflix spent $9 million.

Google Inc. (NASDAQ:GOOG) has released a new version of Google Earth that has a weather layer. This way you can track images of rain and snow in real-time. To see the weather layers, enable the clouds layer and zoom in to a specific location. Check out some of the screenshots below:

There is a 2.8GB torrent file floating around on several torrent websites that contains public profile information from Facebook. Ron Bowes of Skull Security created a Facebook crawler that pulled everything from Facebook’s open access directory.

According to a source with BusinessWeek, Facebook is not planning to have an IPO until 2012. This gives CEO Mark Zuckerberg the flexibility to focus on gaining additional users and boost additional revenues. Previously investors were speculating that Facebook would have an IPO in 2011.

Philip Elmer-DeWitt of Fortune put together the transcript of Steve Ballmer’s full discussion about the iPad at the annual financial analysts meeting. The full webcast is available at the Microsoft Press website and below is the full transcript.

Microsoft Corporation (NASDAQ:MSFT) discussed thei eight core business at the Financial Analyst Meeting (FAM) in Redmond on July 29.