Business News: Facebook stock soars

Business News

(CBS) - In Business News, investors who bought Facebook's stock when it went public over a year ago and held on, are being rewarded.

Facebook's stock topped $50 dollars a share for the first time Thursday and is now up 88 percent for the year.

After going public the company's stock went down when its IPO suffered technical difficulties at the Nasdaq.

Facebook's stock is now 32 percent above its IPO price thanks to success in selling ads on mobile devices.



(CNN) - Should college students get paid for taking the field? 

That's the question at the heart of a lawsuit by former UCLA basketball player Ed O'Bannon.

He, and others, believe the young athletes should profit from their likenesses being used in sports-based computer games. 

Thursday, two of the targets linked to the lawsuit, EA sports and the Collegiate Licensing Company, settled. The amount was undisclosed.

Right before the settlement was announced, EA sports said it wasn't going to release a 2014 version of its college football game.



(CBS) - The National Football League has struck a deal with Twitter to show game highlights and other video content on the service.

It's the first social media partnership for the NFL and it comes shortly before Twitter plans its initial public stock offering. 


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