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Home > 50 Cent Makes $8.7 Million Via Twitter

50 Cent Makes $8.7 Million Via Twitter

Submitted by admin on Tue, 2011-01-11 11:57

50 Cent earned $8.7 million in paper money on Monday, thanks to some tweets, the New York Post reported [1].

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.

"You can double your money right now. Just get what you can afford," he tweeted [2]. H&H owns a marketing firm called TV Goods that was founded by Kevin Harrington of ABC reality show "Shark Tank" fame. 50 later added [3]: "Check out TVGoods.com official site of Kevin Harrington."

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, according to Post reports.

50 Cent, aka Curtis Jackson, reportedly received 30 million shares of H&H in a private placement last October. In March, the firm's auditor raised questions about its ability "to continue as a going concern."

(Additional reporting by Jillian Mapes, Billboard)

  • News [4]
POTW: Alicia Keys, Swizz Beatz, Katy Perry, Chris Brown
The Hollywood Reporter [5]

Person

  • Jillian Mapes [6],
  • Curtis Jackson [7],
  • Kevin Harrington [8]

Source URL (retrieved on 2013-05-24 09:44): http://www.billboard.com/articles/news/473698/50-cent-makes-87-million-via-twitter

Links:
[1] http://www.nypost.com/p/news/business/cent_millions_y5r6uquXPHX43R2NCWX6MN
[2] http://twitter.com/#!/50cent
[3] http://twitter.com/#!/50cent/status/23870541991514112
[4] http://www.billboard.com/tag/news-6
[5] http://www.billboard.com/author/6807
[6] http://www.billboard.com/tag/jillian-mapes
[7] http://www.billboard.com/tag/curtis-jackson
[8] http://www.billboard.com/tag/kevin-harrington

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