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RAY J SECURES THE BAG WITH LOOP/SCOOTEBIKE BIKE-SHARING DEAL, WHICH IS PROJECTED TO MAKE OVER $200M IN 2020
Friday, Nov 1, 2019

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!

via GIPHY

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?

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