Thursday, January 13, 2011

Which Is More "Gangsta," 50 Cent's Twitter Stock Pitch or Goldman's Facebook Deal?

Richard (RJ) Eskow: Which Is More "Gangsta," 50 Cent's Twitter Stock Pitch or Goldman's Facebook Deal?

Music was Curtis "50 Cent" Jackson's second career. News reports say he began dealing crack at the age of twelve, after the murder of his coke-dealer mother. Early tracks like "Ghetto Quran" and "How to Rob" reflect a brutal, street-hustling life, and Jackson has the bullet wounds to match. He's talented, wildly successful, and I sure wouldn't mess with him.

But when he starts mixing social media with pumped-up investment pitches, 50 Cent is moving into Goldman Sachs territory. "Fitty" reportedly earned millions for touting a stock on Twitter, without disclosing that he owned shares in the company. How does that stack up against Goldman's own social media deal with Facebook? When you move into the stock market, you're going where the real gangstas roll.

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