50 Cent has been making money outside of his music. After taking up a 12.9% stake in H&H Imports, the company that carries his headphones, 50 Cent turned to Twitter to promote the company. The stock which started at 10 cents a share skyrocketed to 39 cents over the weekend after 50 Cent tweeted multiple times that H&H was the stock of the year to invest in.
The Tweets worked as 50 Cent netted over 8.7 million dollars.
The only problem is the SEC is looking into filing a law suit against both 50 Cent and H&H Imports, for his actions. The company itself had been losing money over the last year and is also heavily in debt. All signs that this run up in stock price is only from 50 Cent and his manipulation of the markets is something extremely frowned upon. While the company may face trouble for their actions, its stock is still soaring reaching a high yesterday of $1.16 over a 10x increase from where it started about a month ago.
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