News

The Margin: Miley Cyrus is giving out $1 million in stock with Cash App

0

Party in the N.Y.S.E.!

Miley Cyrus is giving away a total of $1 million worth of stock in partnership with Square Inc.’s
SQ,
+6.68%

Cash App, the “Party in the U.S.A.” singer tweeted on Wednesday. 

“Nothing is more important than investing in yourself,” the artist and daughter of country music star Billy Ray Cyrus wrote in a post shared on her official Twitter
TWTR,
+1.02%

account. “I want to spread ownership to as many people as I can.” 

So Cyrus, who is celebrating the 15th anniversary of her breakout Disney
DIS,
-0.54%

series “Hannah Montana,” has teamed up with Cash App to give out a total of $1 million in stock. People interested in getting some of the free stock are asked to share their Cash App username and their favorite company or stock in the comments on any one of the singer’s social media posts on Twitter and Instagram
FB,
+2.27%
.
Winners will be selected at random. Cash App, which was developed by Square, is a mobile payment service that allows people to invest money.

Miley also tweeted out a “My First Stock” slideshow with Cash App that walks newbies through investing 101.

Related: Square’s ‘Year of the Cash App’ finishes with debate over profits

Read more: Square seems to be picking up Cash App users amid ‘Robinhood drama,’ says analyst

Some of the early responses beneath Cyrus’s tweet include plenty of people flagging Tesla
TSLA,
+5.08%

and Apple
AAPL,
+1.88%

as the companies they’d love to own shares in.

Shortly after Cyrus announced the partnership, some people began sharing on Twitter that they have received stock from the singer and Cash App. Most reported getting $50 in stock, although at least one person shared a screenshot showing they had received $100. A few noted this was their first-ever investment.

Last August, rapper Megan Thee Stallion also partnered with the personal finance app to celebrate her “WAP” single with Cardi B by giving away $1 million to fans using the app. 

Square Inc.
SQ,
+6.68%

stock was up more than 7% on Wednesday afternoon.

Bond Report: 30-year U.S. Treasury yield books biggest quarterly climb since 2009

Previous article

: Russia registers ‘world’s first’ COVID-19 vaccine for dogs, cats and other animals

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News