50 Cent, who invested $750,000 in shares and warrants in the company, H&H Imports (HNHI), tweeted about this company to his 3.8 million followers.
The end result? The stock rose 240%, which made the stock close at 39 cents last Monday.
But this was short-lived. 50 Cent stopped tweeting about the company, which prompted the stock drop 36 %, to 25 cents. The rapper’s last tweet about the company was one week ago.
“HNHI is the right investment for me it may or may not be right for u! Do ur homework.”
The celebrity caused a boom and a bust within just 48 hours via Twitter and, according to the reports, made 8 million dollars.
By Catherine
