If traffic to a candidate’s web site is any indication of the candidates popularity in the Iowa caucuses, then Barack Obama and Ron Paul will be the winners of their parties caucuses after the votes are tallied this evening.

Web site traffic statistics provided by Alexa show Obama with a clear lead in the Democratic contest over second place finisher Hillary Clinton. John Edwards lands in third place with Joe Biden taking a distant fourth and Christopher Dodd finishing fifth. Bill Richardson’s doesn’t even break the top 100,000 websites, so there is little data on Alexa about their traffic trends.

Writing the first draft of history is always perilous.

In September 2004, in a story about a then new lawsuit that accused Mark Zuckerberg of stealing the idea for Facebook from fellow Harvard students, The Boston Globe wrote: “There isn’t much money at stake.”

Oops.

Today Facebook is valued on paper at $15 billion or so, making Zuckerberg’s 20 percent stake worth $3 billion. The 23-year-old is well on his way to becoming the second richest Harvard dropout in history, behind Bill Gates, the founder of Microsoft.

Despite losing to Microsoft in its bid for a piece of Facebook, Google isn’t giving up on social networks.

The behemoth of search is partnering with other tech companies and social networks to develop a competing approach called OpenSocial. The open-source technology will enable developers to write applications that can be used on many sites, including partners in the project, such as LinkedInand Friendster.

What’s so funny about the 2008 presidential race?

Not much so far, unless you count Rudy Giuliani taking a cell phone call from his wife while he was giving a speech to members of the National Rifle Association, a moment that became a YouTube hit.

But, take heart; JibJab.com is back and making fun of the scary side of politics.

JibJab, you may remember, is the Internet humor site that produced the flash animation video, This Land is Your Land for the 2004 presidential race.

The video established the JibJab brand and significantly improved its fortunes.

The This Land video featured singing heads of George W. Bush and John Kerry dissing each other to the tune of the Woody Guthrie song.

Execs from Google and Microsoft are scheduled to appear before the Senate today to argue the merits of Google’s proposed acquisition of DoubleClick.

Google announced the $3.1 billion deal in April, but the plan requires approval of the Federal Trade Commission and regulators abroad.

Google News has begun hosting news from four major wire services: Associated Press, Agence France-Presse, UK Press Association and the Canadian Press.

The company explained the new feature on its blog as an effort to eliminate duplication that occurred when many news outlets ran the same wire story.

“Instead of 20 ‘different’ articles (which actually used the exact same content), we’ll show the definitive original copy and give credit to the original journalist,” reads the blog posting.

Google, which last year purchased YouTube for a whopping $1.65 billion, has unveiled a plan to make money from the site.

Ads now appear at the bottom of some videos, eventually disappearing if the users don’t click on them. In an approach similar to Google’s AdSense program, selected content providers receive a portion of the revenues.