How 50 Cent made USD 8 million with Twitter promotion

Rapper 50 Cent has reportedly made a huge profit of USD 8 million by using Twitter to promote a company he has stake in. The 35-year-old star helped boost the shares of marketing company H & H Imports after introducing it on twitter this weekend.

The tweet from 50 Cents (real name Curtis Jackson ) twitter account to his 3.8 million Twitter followers was:

"You can double your money right now. Just get what you can afford," tweeted the In Da Club hitmaker."They are no joke get in now,"

The tweets by the rapper, increased his shares in the company to a value of USD 8.7 million, reported New York Post online. Reportedly 50 cents received 30 million shares in the company last October and can cash in the stock as it rises.

The rapper has now removed the tweets and wrote, "I own HNHI stock. Thoughts on it are my opinion. Talk to financial adviser about it. HNHI is the right investment for me it may or may not be right for u! Do ur homework (sic)."

But the report says that the rapper could now be the subject of an investigation by the Securities and Exchange Commission for the blatant promotion. --------

No comments