Ray J is not a business man, he’s a business, man! The “One Wish” singer is securing another bag with his bike-sharing deal!
Ray J received a $34 million payday plus 18 million common shares when LOOPShare, a sustainable micro-mobility ride-sharing company, entered into an agreement with Ray J’s Raytroniks Corporation to acquire Scoot-E-Bike. It’s projected that this partnership will make over $200 million in 2020—with the potential of over a billion dollars within two years. It looks like Ray J will be giving Bird, the more popular bike-sharing company, a run for their money! What do you think of this business venture?