Ex-Facebook President Invests in E-cigarettes
Sean Parker the co-founder of Napster and first named president of Facebook invested $10 million in a leading maker of electronic cigarettes - NJOY according to The Wall Street Journal.
Experts say say U.S. retail sales of electronic cigarettes could reach $1 billion this year - just 1% of the country's cigarette market but twice that of 2012, as they spread from the Internet to stores generating buzz through television ad and celebrity endorsements.
E-cigarettes currently aren't federally regulated. With this more than a dozen states, including Colorado, Arkansas and Maryland, have banned e-cigarette sales to minors.
Sean Parker ranks 215th in the list of richest Americans in Forbes.