"And Twitter makes ZERO from the deal. That's why MySpace failed and that' why Twitter and Facebook will fail unless they change their model up soon and think of themselves as a business not just a playground."
Via Curtis Jackson: stock trading guru?
BY JOHNNY FIRECLOUD
Let nobody ever tell you that there's no power in social networking. 50 cent has a created a new way of investment consulting. He's cornered the rap game, made millions as a spokesperson for Vitamin Water and has devoted himself to success in acting, but none of that stands up to making $10 million in two days.
Warren Buffett who? After 50 Cent unveiled a new brand of headphones bearing his name last week, the rapper used Twitter to tell his 3.8 million followers to buy stock in the marketing company – a business he partly owns.
H & H Imports has “one of the 15 products this year. If you get in technically I work for you. BIG MONEY,” he tweeted. The man otherwise known as Curtis Jackson added that the “stock went from 5cent to 10 in one day. You can double your money right now. Just get what you can afford.” This simple info about the company that he owns 30 million shares of raised there stock up 290%, with 9.24 million shares traded in two days. This netted 50 cent roughly $8.7 Million in one day.
BY JOHNNY FIRECLOUD
Let nobody ever tell you that there's no power in social networking. 50 cent has a created a new way of investment consulting. He's cornered the rap game, made millions as a spokesperson for Vitamin Water and has devoted himself to success in acting, but none of that stands up to making $10 million in two days.
Warren Buffett who? After 50 Cent unveiled a new brand of headphones bearing his name last week, the rapper used Twitter to tell his 3.8 million followers to buy stock in the marketing company – a business he partly owns.
H & H Imports has “one of the 15 products this year. If you get in technically I work for you. BIG MONEY,” he tweeted. The man otherwise known as Curtis Jackson added that the “stock went from 5cent to 10 in one day. You can double your money right now. Just get what you can afford.” This simple info about the company that he owns 30 million shares of raised there stock up 290%, with 9.24 million shares traded in two days. This netted 50 cent roughly $8.7 Million in one day.
4 comments:
And completely illegal, leading to him removing the tweets and opening up an investigation. He is facing big big fines. But he can afford it.
Thanks for the update Shane. But you know others are doing this all the time. MySpace became the biggest outlet for Indy Bands and all MySpace got was to serve google ads that no one clicked on. I wrote about the 17 year old that was making millions selling MS backgrounds. There was no business plan to capture revenue, which on social media is bigger from licensing than it will ever be via ads. Think of Elliot Spitzer's whore who got famous and made $1 million on downloads of a bad song. NewsCorp should have got 10 percent of that. Easier on millions of pages than .09 cents a click. This is where the profit lies on FB too. Get a piece of the action. And charge companies as if their fan pages was a full page ad in the WSJ.
Most people aren't aware of the new disclosure laws that went into effect last year. You have to disclose any affiliation you have to the subject you discuss online. You work for a bike maker and you say you love that bike on a forum without disclosing your position you are now officially breaking the law. I only know this because my wife is in Human resources and this has become part of the responsibilities of human resource departments around the nation. Informing employees of the new law and to make sure they don't break it. The lawsuits are small now but growing every year. I have a feeling 50 cent may become a big case.
TThat disclosure alone would take up more than 1/2 of the 40 characters.
I think all these innovations should be membership fee based. A small fee for consumers (like a text message plan) and a larger fee for corporations based on their annual revenue. Of course each would have a tweet ceiling like mileage on a rental car you turn it back in and pay more if you use more. But once they start off for free, they become and eyeballs seeks advertiser play and like aol and yahoo- they don't sustain themselves because no one comes there to look at ads.
Even Twitter became an app that costs $3.99 to activate, that would be millions of dollars and I doubt people would turn away. You think nothing of paying for apps, cable, gym etc because you can find money for it if the service never starts out as free because your expectations are different.
Ning just made this transition. It's harder to do after the fact and you will lose some accounts- but you will make more on the less who stay and save server/bandwidth costs of those that don't.
Apple has always been this way with mobile me and they get people signing up and renewing. It's one of their digital cash cows. They have the market seeded with browsers and more.. Mikes thread on Goldman Sachs/Facebook which led to this post of mine trying to look at value should look at Apple. That's real money that took years to build a foundation for flow.
Twitter on the other hand is launching a new interface/display page that short changes the user and adds more space for ads no one's going to look at.
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