Early this week TMZ reported that 50 Cent‘s SMS Promotion has filed for bankruptcy. An attorney for Fif’s audio brand said that 50 plans to reorganize SMS as a new corporate entity focused on professional boxing. Elsewhere, A$AP Rocky lost 100,000 followers on Instagram due to an art instillation on the social media site and Chris Brown threatened model Tyson Beckford for taking a picture with his ex-girlfriend Karrueche Tran in Las Vegas.

50 Cent SMS Promotions Files For Bankruptcy

Court documents filed in Connecticut claim that 50 Cent’s SMS Promotions company has between $100,000 and $500,000 in debts.

An SMS Promotions attorney says that the company filed for Chapter 11 bankruptcy as it plans its return.

“Under the direction of Mr. Jackson, SMS Promotions looks forward to reorganizing as a new corporate entity and becoming one of the leading promotion companies in the world of professional boxing,” the attorney says, per TMZ.

Read the full story here.

A$AP Rocky Loses 100,000 Instagram Followers

Last week, A$AP Rocky began posting numerous pics on his Instagram account in succession. Most of the posts were just squares with little more than a simple gray, black or white gradient fill. Those who didn’t understand or just got tired of their feed filling up unfollowed the A$AP Mob rapper. He now has 100,000 less followers on the social media site in the name of art.

Read the rest of the story here.

Chris Brown Threatens Tyson Beckford Over Karrueche Tran Picture

Chris Brown took to Twitter to threaten model Tyson Beckford over the weekend after he posted an image of himself with Brown’s ex-girlfriend Karrueche Tran in Las Vegas.

Brown seemingly apologized for his comments regarding Tyson Beckford two days later.

“I can be a real one and say that I was wrong for even pressing an issue,” Brown wrote on Twitter, apparently apologizing for the rift with Beckford.

Read the full story here.

Additional News Stories: Alchemist, Kevin Gates, Juicy J

– Alchemist Says No One Could Out Rap Eminem In A Battle

– Kevin Gates Addresses “Devil Worshipping Beads” Via Instagram

– Juicy J Hospitalized For Exhaustion

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