Lots of people trust 50 Cent, apparently. People flocked to buy shares in a marketing company partly owned by the rapper after he plugged it on Twitter. It was a great deal…. for 50 Cent. The Telegraph reports he made more than $10 million in two days. The company loses money.
Wednesday, January 12th, 2011
The price of trust
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Eduardo Porter writes about business, economics, and many other matters as a member of the New York Times editorial board. He has also worked as a journalist in Mexico City, Tokyo, London, São Paulo, and Los Angeles. He was the editor of the Brazilian edition of América Economía and covered the Hispanic population of the United States for The Wall Street Journal. He lives in New York.