Jan 11, 2011
50 Cent's Tweets Make Company A Staggering $50 Million In One Day, Netting The Rapper A Cool $10 Million
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.
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