50 Cent makes USD 8 million after Twitter promotion
Rapper 50 Cent has reportedly made a profit of USD 8 million after using Twitter to promote a company he owns shares in.world Updated: Jan 14, 2011 11:05 IST
Rapper 50 Cent has reportedly made a profit of USD 8 million after using Twitter to promote a company he owns shares in.
The 35-year-old star helped boost the shares of marketing company H & H Imports after plugging it on the social networking site this weekend.
"You can double your money right now. Just get what you can afford," tweeted the In Da Club hitmaker.
"They are no joke get in now," he told his 3.8 million Twitter followers.
The tweets by the rapper, whose real name is Curtis Jackson, increased his shares in the company to a value of USD 8.7 million, reported New York Post online.
It is reported that Jackson received 30 million shares in the company last October and can cash in the stock as it rises.
However the rapper has since removed the tweets and wrote, "I own HNHI stock. Thoughts on it are my opinion. Talk to financial adviser about it. HNHI is the right investment for me it may or may not be right for u! Do ur homework (sic)."
The newspaper reported that the rapper could now be the subject of an investigation by the Securities and Exchange Commission for the blatant promotion.
First Published: Jan 14, 2011 09:46 IST