Rapper 50 Cent owns a company called G-Unit which in turn owns 12.9% of a marketing company called H&H Imports. Despite the fact that it was at the time making a loss, it was plugged by 50 Cent on his twitter feed.
The shares were originally bought at 17 cents, and had dropped as low as 4 cents. After his twitter comments, the shares rose to nearly 50 cents due to the huge amount of trading in those shares.
The uprise in price meant his shares were now worth an extra $10 million.
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So, should this count as insider trading given that it appears he has artifically inflated the share price through his comments, which has the possiblity to earn him a substantial amount of money?