Curtis is definitely a hustler. There is no denying that. His recent tweet helped him make 5.2 million on the stock market in one day.
According to Rolling Stone >>
Last weekend 50 Cent used his Twitter account to hype up the stock for H&H Imports, a small Florida-based company that includes TV Goods, a smaller company that markets products in informercials, among its holdings. Sales of the penny stock increased by 290 percent following the endorsement, resulting in a paper profit of almost $5.2 million for the rapper, who owns 7.5 million shares in the company.
Sales of the stock came back down to earth yesterday, dropping in price by nearly 25 percent — though they're still valued much higher than in previous weeks. Some speculators, including ProPublica's Jesse Eisinger, are suggesting that 50 Cent may be engaging in a "pump and dump" strategy intended to artificially increase the value of the company for its shareholders' short-term gain.
The rapper has thus far avoided violating laws against "pump and dump" schemes by not yet selling his stock in the company. Of course, he does not actually have that option, as his 7.5 million shares are currently restricted from being sold until certain conditions are met.
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