Make that paid pumper..
50 Cent’s Tweets Make A Staggering $50 Million In One Day
Joe Weisenthal | Jan. 10, 2011, 4:15 PM
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.
How To Make $10 Million From Just One Weekend Of Tweeting
Joe Weisenthal | Jan. 10, 2011, 4:37 PM
Earlier we noted that shares of HNHI added $50 million in market cap today thanks to tweets from 50 Cent aka Curtis Jackson.
Obviously he’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?