50 Cent Tweets, Tiny Stock Soars

Re:50 Cent Tweets, Tiny Stock Soars by citricsquid on Tuesday January 11, 2011 @05:55PM (#2093964)

I saw comments in an article here on HN a few days back talking about what 50 did. Some speculated that he could be reported for it and possibly legally challenged, is this correct, has be broken the law?

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Re:50 Cent Tweets, Tiny Stock Soars by catnip on Tuesday January 11, 2011 @06:02PM (#2093996)

It's low level pump and dump, CNBC does it every day so he should be fine.

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Re:50 Cent Tweets, Tiny Stock Soars by prs on Tuesday January 11, 2011 @06:16PM (#2094041)

CNBC does not directly benefit financially from price increases in stocks they cover. In this case, Mr Jackson (50 Cent) has a financial interest in the company and does participate in stock price gains - That is where I see a significant difference.

[ Parent | on HN ]