Over the weekend 50 Cent began tweeting stock tips to his followers promoting the company that imports his new head phones. Needless to say the penny stock's value soared. Did I mention 50 owns 7.5 million shares?
Yeah well for a few hours 50's stock shares soared to more than triple their original value to nearly $10 million. Would have been a great time for 50 to sell right? Wrong! If he had sold his stocks he'd have been in trouble with the Securities and Exchange Commission for what's called a 'pump and dump' where stock values are artificially inflated then sold. From the looks of his Tweets, somebody must have told Fif what he was doing was border line illegal because suddenly all the financial Tweets stopped and 50 advised all his followers to 'consult their personal financial advisors' and deleted every single stock tweet. By the end of the weekend the stock was back down to it's original value.
