Wednesday, January 12th, 2011 at 11:50 am
If you will remember 50 is the latest artist to start slanging headphones. Basically he went to twitter to encourage people to buy stock of his company. It in ended up increasing the value of the stock to the point that 50 increased the value of his stock by 10 million dollars. That’s kind of ill that he has the ability to manipulate a stock like that. According to Business Insider:
- Earlier we noted that shares of HNHI added $50 million in market cap today thanks to tweets from 50 Cent aka Curtis Jackson.
Obviously he’s being compensated. How much? A LOT.
This SEC filing shows that he owned 30 million shares. Seeing as each one gained $.29 today, that’s nearly $10 million for one weekend of tweeting.
How soon do you think he sells?