Wednesday, 12 January 2011

Report: 50 Cent Hauls In $8.7 Million Via Twitter Over the Weekend.

50 Cent made a lot sense, financially, on Twitter over the weekend. According to the New York Post, the rapper saw the value of his 30 million shares in a penny-stock company increase by $8.7 million after sending out a series of tweets urging his 3.8 million followers to invest, which sent the price of the stock skyrocketing (relatively speaking).
The penny-stock company also owns TV Goods, a small marketing company ran by former 'Shark Tank' star Kevin Harrington. The Post even goes as far to call H&H a "money-losing venture," but once 50 Cent started telling his Twitter followers to invest, the company's stock rose from 10 cents to 39 cents.

The stock opened at 41 cents on Tuesday, reports The Huffington Post.

50 Cent "received 30 million shares of H&H in a private placement last October, including a series of warrants granting him the opportunity to cash in as the stock rises: at 15 cents, 25 cents or -- no kidding -- 50 cents," according to the New York Post.

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