50 Cent Earns Millions of Dollars via Tweets?

$8.7 million may not roll off the tongue as nicely as “50 Cent,” but our guess is that it’s what you’d prefer to see in your bank account. And, if the New York Post is to be believed, that’s about how much money rapper Curtis “50 Cent” Jackson made this week when he Tweeted messages to his fans encouraging them to invest in a company he owns 30 million shares of stock in.

Yeah, he got rich, and he thankfully didn’t need to die trying.

The company which Jackson urged followers to invest in isn’t a big name corporation, but rather a small venture called H&H Imports. Jackson was given his shares of stock last October, but the company has been losing money and he was making an effort to keep it afloat, Tweeting messages like “You can double your money right now. Just get what you can afford” and “They are no joke get in now.”

And the fact that fans were so eager to follow what their favorite rapper said that the stock shares rose 290 percent is interesting in and of itself. Most people tend to turn to The Wall Street Journal for their financial advice, but hey, if 50 Cent’s Twitter is your equivalent, knock yourself out.

There’s really not much stopping Jackson from doing this, but it’s a little worrying when we live in a world where fans will invest their own money in a failing company simply because a celebrity told them to. Jackson may have had good intentions, but he can’t guarantee that this company will survive. Fans need to consider this before buying up stock.

Do you think it’s right for celebrities to urge their fans to take these kinds of actions?