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.
How soon do you think he sells?
Source: Business Insider
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Comment
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Comment by Phenix Beatz on January 23, 2011 at 8:29am -
talk about money online...50 is a pure hustler..4 real
http://www.youtube.com/watch?v=gKtt4ri2Jbg
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Comment by mysterymistyhillonadewymeadow on January 12, 2011 at 8:21pm -
wtf yeah boy!
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Comment by djwaxmaster on January 12, 2011 at 5:13pm -
say what the f*** you want about 50 but he the m*********** man bottom line................
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Comment by Neilsen Ali on January 12, 2011 at 2:05pm -
50 let's do business www.neilsendomains.com
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Comment by William M on January 12, 2011 at 12:31pm -
If 50 Cent is buying.
I'm buying.
This is a buy and hold stock, the Warren Buffett way. Don't waste your time trying to day trade this, you'll just make pocket change, enough to buy a cup of coffee.
Look at it as long term investment. If it's a good solid company, it's then a lifetime investment.
Buffett is a buy and hold guy, and the 2nd richest guy in the world. Day traders are bums next to him.
Who knows where the stock is heading the next few months.
As of today 1/12/11 it's round .22 cents.
My guess, and it's only a guess, is that it will dip below .10 cents at least 2 or 3 times in the next month, and hover round .20 cents most of the time. It's too cheap right now, and too volatile.
I give it one to two years to break the dollar mark, if the products are what 50 says they are, and as long as he is still on board. That's my guess, who knows what will happen?
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Comment by Slimturk on January 12, 2011 at 3:22am -
Good thing I listened to 50Cent and got some close friends with me online and buy up some shares :P
Follow me on twitter >>> @Slimturk
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Comment by booom zooom on January 12, 2011 at 1:48am -
Fif blew this stock up with a few tweets. Fif you the man. Wonder what dre's headphones did the first couple days. I would love to see ppl hate on this, you just cant!
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Comment by MafiaMuzik(Producer) on January 12, 2011 at 1:05am -
Damn Fif a Money Moster Got Damn this n**** could hustle.geeesh!
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Comment by Natasha The Real Deal on January 11, 2011 at 11:52pm -
Thas whats up!Go 50 now thats how u pose to tweet,lol!
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Comment by Tony Viera on January 11, 2011 at 10:16pm -
50 Cent AkA Money Making Machine!!!!!!!!!
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