Technology

Facebook shares fell another 8% on its third day of trading on the Nasdaq after the stock closed 11% lower on Monday.

Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.

The long-awaited Facebook IPO will finally be priced tonight, ending months of speculation, but should investors be moving to back the technology giant?

Scott Thompson, CEO of computer firm Yahoo, has stepped down amid accusations a fake computer science degree was included on his CV.

Apple shares are set to hit $1,001 within a year, lifted by growth in China, according to a broker note from Topeka Capital Markets.

Technology giant Apple has announced it will return cash to shareholders for the first time since 1995, deploying some of its $98bn cash mountain, while also committing to a share buyback programme.

Apple stock has hit a new high of $600 per share as the third edition of its iPad tablet computer hits the stores and flew off the shelves.

Hedge fund star George Soros has been expanding positions in a number of his technology favourities, increasing his overall exposure to the sector by 15%.

A graffiti artist is set to make $200m from the Facebook IPO after he opted for shares instead of a cash payment for his work in the head office seven years ago.

Facebook's long-anticipated initial public offering will see it look to raise $5bn in a listing expected to value the company at up to $100bn.