50 Cent Makes $8.7 Million Via Twitter
The rapper promoted H&H Imports, which owns a marketing firm run by a reality star, on the microblogging site, boosting the value of his company stock.
NEW YORK - Rapper 50 Cent made $8.7 million in paper money on Monday thanks to some tweets, the New York Post reported.
The singer helped pop the shares of the penny stock of H&H Imports, in which he has a stake, by talking it up on Twitter over the weekend, the paper said.
"You can double your money right now. Just get what you can afford," he reportedly tweeted. H&H owns a marketing firm called TV Goods that was founded by Kevin Harrington of ABC reality show Shark Tank fame, according to the paper.
H&H stock gained 29 cents to 39 cents on Monday. That helped boost the value of the singer’s stake by $8.7 million, the Post said.
50 Cent, aka Curtis Jackson, received 30 million shares of H&H in a private placement last October, according to the Post. In March, the firm’s auditor raised questions about its ability "to continue as a going concern."