Ray J is already seeing the benefit of selling his Scoot-E-Bike brand. The stock for his venture soared 300% in about two days.
Last week the reality star sold the company to Canadian company LOOPShare for seven figures and will serve as a consultant for the growth of the business.
LOOPShare stock opened at $.05 Wednesday and closed at $.16 Friday. That’s a serious cash out for Ray J.
Advertisement
LOOPShare and Scoot-E-Bike are competing with rideshare giants like Bird Scooters, to provide their customers with three types of scooters for their commutes.
Ray has reportedly turned down a number of TV gigs to focus on his business.
Looks like things are going up for him as a businessman.
