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This and more important news from your Fast Company editors, with updates all day. Carbonite's Cloudy IPO . Carbonite, a paid cloud-storage warehouse service, is prepping for an IPO--making the most of growing awareness about cloud technology, and before competitors like Amazon or Apple seal up much of the consumer-facing industry

"Existing models don't go away until they are replaced by models that work better," PayPal's Anuj Nayar tells us. "The consumer needs to see the benefit beyond, 'This is just cool.'" When it came to the perhaps over-embellished headlines from Square's announcement yesterday--the end of the cash register as we know it!--PayPal spokesperson Anuj Nayar couldn't help but chuckle. After all, PayPal has been in the payments business roughly 12 years and boasts 98 million users

1. Facebook and Google haven't exactly seen eye to eye, and now the battle seems to have turned nasty : Facebook hired a PR firm to pitch anti-Google stories to newspapers, with an angle that Google was invading user privacy. Facebook has now, seemingly, confirmed it hired Burson-Marsteller, on the grounds it thinks Google's really invading privacy, and is unfairly using Facebook's data to fuel its own social ambitions.