THUMZUP MEDIA CORPORATION Stock Price, News & Analysis

Thumzup Media (Nasdaq: TZUP) reported significant growth in its advertiser base, achieving a 202% increase through the first ten months of 2024. The company's proprietary ad-tech platform expanded from 183 to 554 advertisers between January 1 and October 31, 2024. Thumzup's platform allows businesses to pay customers cash through Venmo and PayPal for social media posts about their brands, creating a network of brand ambassadors. The company has attracted diverse businesses, including retailers, restaurants, home furnishings, clothes, coffee shops, and consumer brands in beverages and breakfast cereals. Thumzup targets adding over 5,000 advertisers through 2025, representing an estimated 1,000% increase in its advertiser base.

Thumzup Media (Nasdaq: TZUP) announces its upcoming visit to the Nasdaq MarketSite in Times Square on November 22, 2024, where CEO Robert Steele will ring the Opening Bell. The company, which enables businesses to pay customers for social media posts through Venmo and PayPal, will be featured on Nasdaq's Behind the Bell series following the ceremony. The interview will cover Thumzup's recent expansions, platform features, and future trajectory. The ceremony will be broadcast live from 9:15am to 9:30am ET and available for replay on Nasdaq's website.

Thumzup Media (Nasdaq: TZUP) announced plans to offer Bitcoin payments to its gig economy workers through its Account Specialist Program (ASP) starting January 2025. The company, which currently allows businesses to pay customers for social media posts via Venmo and PayPal, will integrate cryptocurrency payments through Coinbase's platform. This initiative aims to provide workers with faster transactions, lower fees, and enhanced financial privacy while maintaining traditional bank payment options.

Thumzup Media (Nasdaq: TZUP) announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. The company, which provides social media branding solutions allowing businesses to pay customers for social media posts through Venmo and PayPal, views Bitcoin as a robust reserve asset due to its finite supply, inflation-resistant qualities, and growing institutional backing through newly sanctioned Bitcoin ETFs.

Thumzup Media (Nasdaq: TZUP) announces an aggressive expansion plan across the Greater Los Angeles region following its successful Nasdaq listing and $8.2 million underwritten offering. The company, which provides social media marketing solutions allowing businesses to pay customers for social media posts via Venmo and PayPal, is expanding beyond West Los Angeles into Beverly Hills, San Fernando Valley, Hollywood, Pasadena, and Glendale.

The expansion aims to strengthen local partnerships while empowering gig economy workers to earn income through creating authentic content and promoting local businesses. The Thumzup app, available on App Store and Google Play, connects businesses with local communities through user-generated advertising.

Thumzup Media (Nasdaq: TZUP) has launched beta video capabilities with Instagram Reels integration, expanding its social media monetization platform. The new feature allows users to earn money through Venmo and PayPal for video content posted on Instagram Reels. The platform has already facilitated over 23,000 paid posts and distributed approximately $230,000 to creators. With Instagram Reels reaching over 726 million unique users and accounting for 50% of time spent on Instagram, Thumzup aims to leverage this engagement for advertisers and creators. The beta launch will help fine-tune the video experience before full-scale implementation.

Thumzup Media (Nasdaq: TZUP) is finalizing video capabilities to integrate with Instagram Reels, expanding beyond its current single-photo post monetization system. The platform has facilitated over 23,000 single-photo posts and paid approximately $230,000 to creators through Venmo and PayPal. The integration aims to tap into Instagram Reels' audience of over 726 million unique users, leveraging its reported 22% higher interaction rate compared to standard video posts. According to platform statistics, Reels account for 50% of time spent on Instagram and are played over 140 billion times daily.

Thumzup Media (Nasdaq: TZUP) announced the full exercise of the underwriter's overallotment option by Dawson James Securities, Inc. The underwriter purchased an additional 213,750 shares at $5.00 per share, bringing the total shares sold to 1,638,750. This increased the gross proceeds to approximately $8.2 million before deducting underwriting discounts, commissions, and offering expenses. The option closing is scheduled for November 1, 2024. The offering was made through a Form S-1 registration statement declared effective by the SEC on October 28, 2024.

Thumzup Media (NASDAQ: TZUP) has announced plans for significant advertiser base expansion in 2025, targeting a 1,000% increase from its current 500 advertisers to over 5,000. The company's growth strategy includes expanding its Account Specialist Program (ASP), which enables gig workers to earn income by signing up local advertisers. Additional plans include entering new markets, adding Instagram Reels integration, enhancing targeting and attribution data, and incorporating more social media platforms. The company has secured new funding to support the ASP expansion.