Wednesday, January 12, 2011
50 Cent Makes $8.7 Million by Tweeting
50 Cent made $8.7 Million yesterday from a series of weekend tweets stemming from his appearance at this year's annual Consumer Electronics Show in Las Vegas. During his visit, Jackson shared knowledge about his latest business venture with H&H Imports (HNHI), which serves as the distributor of his forthcoming line of wireless headphones.
The no-name company's stock was up by 240 percent on Monday, raising its stock to 39 cents per share and netting the business $50 million, according to the New York Post.
"You can double your money right now. Just get what you can afford," 50 tweeted to his 3.8 million followers about H&H Imports, Adding, "They are no joke get in now...Check out TVGoods.com official site of Kevin Harrington."
According to reports, last October during a private placement, Jackson received 30 million shares of H&H, including options granting him the opportunity to cash in as the company's stock increases.
Sleek by 50 Cent Platinum headphones are set to arrive in stores in April.
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