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50 Cent's Tweets Apparently Caused Stock Price To Go Up

50 Cent's Tweets Apparently Caused Stock Price To Go Up

I don't really understand the stock market. I mean, I get what makes it tick (frozen orange juice futures, obviously) and I get that people are essentially just gambling on companies failing, but how in the hell does a Tweet cause a price to go up? And isn't that illegal?

 

See, 50 Cent, the rapper, tweeted over the weekend about TV Goods, some electronics company that he holds 30 million shares of, and because of that (at least that's what's being speculated) the price of the stock went up $.29, netting 50 a cool $10 million. Is that illegal? Does anyone know? I slept in Economics class, and I'm not even sure we covered Twitter driving up stock prices. I'm not sure Twitter existed when I had economics. Someone help! [Real Talk]

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50 Cent

its only illegal if he actually sells all of his shares right away, and takes home that quick profit. the company is actually worthless, and artificially over-valued. its called "pumping and dumping", and is very illegal. he has to hold on to this stock and ride it back down to stay free of charges.

lucas

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