BUSINESS

Did 50 Cent Break The Law By Tweeting About A Penny Stock?

01/12/2011 03:20 pm ET | Updated May 25, 2011

Over the weekend, the popular rapper 50 Cent urged his 3.8 million Twitter followers to buy [1] the stock of a microscopic company in Florida. The penny stock jumped 290 percent on Monday. The rapper, who owns 7.5 million shares and warrants for 22.5 million more in the company, had a paper profit that was briefly worth almost $5.2 million on paper.

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