Here’s a new way to make money on Twitter if you’re a big star – and it has nothing to do with selling music, merchandise or tickets. Earlier this week, 50 Cent started tweeting about a company called H&H Imports, tipping its shares as a canny buy for investors. “You can double your money right now. Just get what you can afford,” ran one tweet from the rapper. “They are no joke get in now.” A decent chunk of his 3.8 million Twitter fans did just that, sending the company’s share price soaring. Co-incidentally, Fiddy owns 30 million shares in H&H Imports, meaning that he made a paper gain of $8.7 million from the upswing. Digital Music News wonders if any SEC rules have been broken, but concludes that even if not, encouraging fans to invest in a money-losing company purely to boost your own fortune is somewhat ‘stinky’.
Source: New York Post
