Tuesday, January 11, 2011

50 Cent's Tweets Make Company A Staggering $50 Million In One Day, Netting The Rapper A Cool $10 Million (News)




Were 50 Cent's tweets this weekend pumping a penny stock the most valuable tweets of all time?

We think they probably were.

Earlier we noted how penny stock HNHI -- a distributor of headphones -- were surging after 50 Cent tweeted about it all weekend.

The stock ended up closing up a staggering 240%.

Here's the chart:
At the current market cap of $71 million (per Yahoo Finance) that's a $50 million gain from Friday.

Check out the tweets that made 50's pockets go ka-ching!


Obviously 50'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:  Business Insider

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