When a small start-up company attains a billion-dollar valuation, that’s what they call a “unicorn” in the business world. These transformative companies generally fill a void and solve a problem in society or in a specific niche: out-of-the-box thinking and a willingness to take calculated risks can reap huge rewards for forward-thinking entrepreneurs. Take the automobile industry as an example: consumer preferences are changing quickly as more millennials in big cities are choosing not to own cars.
Since 60% of trips in the U.S. are only five miles or less, young city travelers don’t consider car ownership a priority or necessity anymore. And frankly, I don’t blame them for not wanting to deal with limited parking spots, traffic congestion, and the expense of buying a car, paying for gas, maintenance, insurance, and so on.
Traditional automobile companies like Ford and General Motors have been suffering due to these changes in consumer sentiment, and a market void has been created. People are demanding a mode of transportation that’s easier to park, less expensive to use and maintain, and more earth-friendly than cars, which emit huge amounts of carbon monoxide.
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These problems turned out to be a prime opportunity for LOOPShare Ltd. (TSX-V:LOOP, OTC:LPPPF), a company that’s capitalizing on the new and exciting trend in micro-mobility. Its platform offers a fully integrated electric scooter sharing service, LOOPShare is solving multiple problems for city travelers with their popular technology-infused e-scooters.
Most people don’t know this, but the fastest company to ever reach a $1 billion valuation is Bird, a privately held scooter company:
Bird’s valuation demonstrates the potential market for micro-mobility services and LOOPShare hopes to capitalize on the exciting micro-mobility trend. This company has significant potential inthe micro-mobility space, with a superior product line, diversified assets, and a technology that allows it to easily have multiple revenue streams.
And they’ve got a major celebrity endorsement and investment from hip artist and tech entrepreneur than Ray J, a significant influencer in Hollywood. In fact, LOOPShare has announced that they have acquired Scoot-E-Bike from Raytroniks – which is owned by Ray J, and he will remain an ongoing brand ambassador for LOOPShare.
Ray J’s association with LOOPShare and the Scoot-E-Bike acquisition could easily be the catalyst that helps generate shareholder value for the caompany. Ray J has clout and recognition among urban millennials, so he’s the perfect fit for LOOPShare’s branding and business model going forward.
And much like Ray J himself, LOOPShare is a trendsetter and trailblazer in a lucrative business. So here’s your opportunity: consider LOOP/LPPPF shares now as an investment in a potential leader in the micro-mobility space.
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