Investment giant Morgan Stanley is in the process of adjusting prices on thousands of trades made in the social network giant Facebook (NASDAQ:FB), it was reported this afternoon. Morgan Stanley was the lead underwriter in the mega Facebook float on Friday May 18.

Shareholders filed a lawsuit today in New York against Facebook founder Mark Zuckerberg, it was reported this afternoon

After leaving the world waiting for half an hour, Facebook's Nasdaq IPO got underway at around 11.30 am in New York. The stock briefly spiked to US$43, but quckly gave back initial gains, however, it remained well above the opening US$38 in early deals.

Shares in internet phenomenon Facebook are set to begin trading in New York today, the firm having been valued at an eye-watering US$104 billion. The most anticipated float ever has been priced at $38, or £24 a share.

Mark Zuckerberg's internet brainchild Facebook will list in the US tomorrow (Friday) in what is set to be America's third largest public flotation.

Facebook’s hotly anticipated stock market flotation could value the social networking phenomenon at just shy of the US$100 billion mark, making it one of the most valuable internet companies in the world.

Healthcare and business software group Advanced Computer Software is beefing up its cloud computing and managed services operations with the acquisition of Fabric Technologies for £4.6 million cash.

Media firm ZOO Digital’s (LON:ZOO) boss is upbeat about the company's prospects, notably its e-book business, after a bounce back into profit in the second half of the year.

Shares in Digital Learning Marketplace spiked more than eight per cent in early deals after the company revealed it had acquired the rights to develop an online programme aimed at improving employees' engagement at work.

Globo's (LON:GBO) transformation into a major international mobile technology firm was confirmed by "stellar" growth last year, broker Daniel Stewart today. The broker has a 'buy' rating on the stock and a punchy target price of 133 pence, up from 127 pence previously.

Tapping into the potential of the social business through the cloud computing services it offers, is GEONG's key current strategy. This will improve the online buying result and experience for customers of the large enterprises served by the firm, says CEO Weidong ‘Wade’ Wang.

One of the key strategies to grow StatPro's cloud-based Revolution product in 2012 is to target fund administrators and custodian banks, says chief executive Justin Wheatley.

Goldman Sachs expects improving macro conditions to drive a growth recovery across the European technology stocks it covers. The bank is raising its estimates and valuations for most of its mid-cap and cyclical stocks.

The recent spike in the share price of Digital Learning Marketplace hints at the potential of the company under chief executive Andrew Hasoon. He was the creator and driving force behind the 50 Lessons video database, which was sold to Skillsoft, the market leader in e-learning courseware.

The share price rise of mobile technology group Globo suggests chief executive Costis Papadimitrakopoulos and his team are starting to impress a once sceptical City audience. However this 50 per cent increase may be nothing compared with the fundamental re-rating of the stock if all goes according to plan this year.

SocialGO’s new social website builder provides a solution for organisations that want to establish their own social networks. Chairman Dominic Wheatley says the product is coming to maturity and it should be in a ‘sweet spot’ as trends evolve.

Underlying revenue growth of 15% in its latest half showed the strong momentum behind sales of its HealthRoster software into the NHS says chief executive Ian Bowles.

Statpro's Revolution, the low cost, high spec cloud-based analytics package for fund managers, was launched at the end of last March and in just nine months has built a commendable revenue base of just under £500,000 after it signed 50 clients.

StatPro Group chief executive Justin Wheatley said he is “pleased” with the early commercial performance of StatPro Revolution, its low cost, high spec analytics package for fund managers.

The UK-listed gambling sector recieved an unlikely Christmas present from  US law makers with America's online gambling ban now only applying to sportsbetting. Analysts say the decision opens the door to the legalisation of online poker and casino games.

Chief executive Dr Stuart Green believes that the firm's ongoing diversification plan will help it recover from a faster than expected decline in its DVD related home entertainment business.

Ageing populations and cuts to healthcare budgets are providing opportunities for IT companies specialising in the health arena such as staff rostering specialist Allocate Software.

After the firm released its interim results earlier this week, we decided to take a closer look at the business and caught up with chief executive officer Vin Murria

The firm’s shares improve slightly after robust results. Both the firm, and analysts who follow it, are excited about the tie-up with Vodafone to offer a mobile work-scheduling system to nurses

Advanced Computer Software Group saw its share price move ahead today, after it announced a £17 million deal with Northern Ireland’s Department of Health, Social Care and Public Safety. Mirabaud Securities has a price target for the shares of 60 pence each

Today the group released the eagerly anticipated results for the six months ended June 30, which showed a 47 per cent uplift in net revenue to US$19.9 million. Net income had swung into positive ground, reaching US$1 million from a US$2.3 million loss in the first half of last year.

The new software allows its users to replace unconnected and outdated sites with more dynamic, interactive, modern and socially integrated websites.

eServGlobal is developing relationships with multinational mobile telecoms network operators so that it can increase the penetration of its mobile money solution around the world

The investment bank expects lower GDP growth from China this year, but in spite of this the country is still set to make an even greater percentage contribution to global economic growth this year and next