How 50 Cent Made $10 Million Via Twitter
Twitter is a gold mine if you know how to use it to your advantage. Over the weekend, 50 Cent tweeted to his 3.8 million followers about investing in a penny stock HNHI, a distributor of headphones which include his new Sleek by 50 headphones. Some of his followers took his investing advice and purchased stock in the company.
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? Source
As of 5pm on Monday, the stock rose to $.39 per share and opened at $.45 Tuesday morning. Check the tweets that made the stocks soar below:
However, 50 Cent has now gotten more measured with his tweets as he could be on iffy ground due to overly praising a public company in which he has an investment.
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