Thumzup Media Corporation(TZUP)

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Thumzup Media Corporation Announces Insider Open Market Stock Purchases and Ongoing Share Repurchase Activity
Prnewswire· 2025-03-21 16:56
Core Viewpoint - Thumzup Media Corporation is demonstrating strong insider confidence and commitment to shareholder value through recent stock purchases and share repurchase activities, alongside significant growth in its advertising platform [1][4][5]. Insider Transactions - In March 2025, insiders purchased approximately $60,381 worth of common stock at prices between $3.56 and $3.72 per share, following a previous acquisition of about $62,000 in December 2024 at prices ranging from $3.20 to $4.73 per share [2]. - Cumulatively, insiders have invested over $742,000 since the company's inception, indicating a strong belief in Thumzup's strategic direction and long-term growth prospects [6][7]. Share Repurchase Program - Thumzup has repurchased approximately $216,000 of its common stock in the past three trading days under its $1 million share buyback program, with repurchase prices ranging from $3.58 to $3.68 per share [3][6]. - The company plans to continue repurchasing shares as market conditions allow, reflecting its commitment to enhancing shareholder value [4]. Business Growth - Thumzup has surpassed 700 advertisers on its platform, achieving a compound annual growth rate (CAGR) exceeding 200 percent, and is actively evaluating strategic acquisition opportunities that generate meaningful revenue and positive cash flows [5]. - The Thumzup app allows users to earn cash for posting about participating advertisers on social media, democratizing the social media branding and marketing industry [6][8].
Thumzup Media Corporation Initiates Share Buyback Program of Up to $1 Million as Authorized by Board
Prnewswire· 2025-03-20 16:03
Core Viewpoint - Thumzup Media Corporation is actively enhancing shareholder value through a share repurchase program, demonstrating confidence in its growth strategy and business model [1][2][3]. Company Actions - The company repurchased $126,507 of its common stock as part of a program authorized for up to $1 million in buybacks [1][2]. - The share repurchase program complies with Rule 10b-18 of the Exchange Act, allowing for ongoing repurchases based on market conditions and other considerations [3]. Growth Metrics - Thumzup has surpassed 700 advertisers on its platform, achieving a compound annual growth rate (CAGR) exceeding 200% [4]. - The company is evaluating potential acquisitions that could generate significant revenues and positive cash flows [4]. Product Offering - Thumzup's flagship product is a platform that democratizes the social media branding and marketing industry, allowing users to earn cash for posting about participating advertisers [5]. - The platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [5].
Thumzup Media Corporation Authorizes Share Repurchase Program of Up to $1 Million
Prnewswire· 2025-03-12 14:00
Group 1 - Thumzup Media Corporation closed an $8.2 million offering at $5 per share, coinciding with its Nasdaq listing in October 2024 [1] - Insiders purchased approximately $62,000 in common stock at prices ranging from $3.20 to $4.73 during the last trading window [1] - The platform has surpassed 700 advertisers, demonstrating a compound annual growth rate (CAGR) of over 200 percent [1] Group 2 - The board of directors authorized a share repurchase program of up to $1 million, reflecting the company's commitment to enhancing shareholder value [2] - The share buybacks will be executed at management's discretion, considering market conditions and other relevant factors [2] - CEO Robert Steele emphasized that the repurchase program showcases confidence in Thumzup's growth trajectory and strategic capital deployment [2] Group 3 - Thumzup's flagship product democratizes the multi-billion dollar social media branding and marketing industry, allowing users to earn cash for posting about participating advertisers [4] - The Thumzup platform features a robust programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [4] - The Thumzup app is available for download on both the App Store and Google Play [3]
Thumzup Media Corporation(TZUP) - 2024 Q4 - Annual Report
2025-03-11 21:00
Financial Performance - For the fiscal year ended December 31, 2024, the company incurred a net loss of $3,999,905, an increase of 20.33% compared to a net loss of $3,324,180 for the year ended December 31, 2023[230][236]. - Revenues decreased by 63.82% from $2,048 in 2023 to $741 in 2024, as the company focused on expanding its footprint of listed businesses[231][232]. - Operating expenses increased by 56.55% from $2,521,078 in 2023 to $3,946,663 in 2024, driven by higher marketing and general administrative expenses[231][233]. - The accumulated deficit increased to $9,691,708 as of December 31, 2024, up from $5,691,803 in 2023[239]. - Net cash used in operations was $3,485,899 for the year ended December 31, 2024, compared to $2,326,523 in 2023[239]. Liquidity and Financing - The company had cash of $4,680,840 as of December 31, 2024, compared to $259,212 in 2023, indicating improved liquidity[237]. - Net cash provided by financing activities was $8,119,477 for the year ended December 31, 2024, primarily from the sale of common stock and preferred stock[240]. Business Operations - The company recorded nominal revenues during the year ended December 31, 2024, while continuing to develop enhancements to its app and marketing efforts[222]. - The Thumzup App connects brands with consumers, incentivizing ordinary people to create authentic social media posts about products[224][226]. Regulatory Classification - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to comply with reduced public company reporting requirements[223][227].
Thumzup Media Corporation Surpasses 700 Advertisers, Signals Rapid Growth Trajectory
Prnewswire· 2025-03-06 13:05
Core Insights - Thumzup Media Corporation has surpassed 700 advertisers, achieving a compound annual growth rate (CAGR) of over 200%, indicating strong momentum in the $500 billion digital advertising market [1][2] - The company's proprietary AdTech platform and innovative social media engagement strategies are driving its rapid expansion [1] - Thumzup's integration with platforms like Instagram Reels and X (formerly Twitter) allows it to reach over 535 million monthly active users, enhancing its appeal to brands [1] Company Growth and Strategy - The number of advertisers increased from around 200 to over 700 in just one year, confirming the effectiveness of Thumzup's disruptive advertising model [2] - The company is expanding its market presence into South Florida and Miami, building on its success in Los Angeles [2] - Thumzup raised $8.2 million through a successful public offering and strengthened its financial position with a Nasdaq listing in 2024 [2] Financial Moves - Thumzup invested $2 million into Bitcoin, acquiring 19.106 BTC, which diversifies its asset portfolio and reflects confidence in cryptocurrency [3] - The company is focused on onboarding advertisers efficiently, showcasing trust in its platform and offerings [4] Future Outlook - Thumzup aims to cross 1,000 advertisers by Q2 2025, leveraging its disruptive AdTech platform for accelerated market penetration [9] - The company is poised to amplify shareholder value through massive audience reach and strategic initiatives [9]
Thumzup Applauds the Creation of a U.S. Crypto Strategic Reserve, Including Bitcoin
Prnewswire· 2025-03-03 13:30
Core Viewpoint - Thumzup Media Corporation supports the establishment of a U.S. Crypto Strategic Reserve, which includes major cryptocurrencies, as a significant step towards the broader adoption of digital assets in the financial landscape [1][2][3]. Company Summary - Thumzup Media Corporation is an emerging leader in social media branding and programmatic marketing solutions, actively integrating cryptocurrency into its business strategy and significantly increasing its Bitcoin holdings [1][3][5]. - The company believes that the creation of a U.S. Crypto Strategic Reserve enhances the credibility and legitimacy of cryptocurrencies, benefiting businesses, investors, and consumers [3]. Industry Summary - The announcement of the U.S. Crypto Strategic Reserve has led to a surge in cryptocurrency prices, highlighting the growing importance of digital assets in the global economy [2]. - The initiative signals a commitment from the U.S. government to foster innovation and financial resilience within the cryptocurrency sector [2][3]. - The upcoming White House Crypto Summit is anticipated to further momentum in policy development supporting cryptocurrency adoption and innovation [4].
Thumzup Media Corporation Doubles Bitcoin Investment to $2 Million with Additional Purchase
Prnewswire· 2025-01-30 17:15
Core Insights - Thumzup Media Corporation has increased its Bitcoin holdings to 19.106 BTC, positioning itself to rank among the top 70 publicly traded companies in terms of Bitcoin ownership [1][2] - The company's strategy to integrate Bitcoin into its financial operations is part of a broader treasury asset strategy aimed at enhancing financial stability and shareholder value [2][3] - The CEO of Thumzup emphasizes Bitcoin's role as a strategic asset and a fundamental component of the future of digital finance, reflecting confidence in its potential to reshape global financial markets [3] Company Overview - Thumzup Media Corporation operates in the social media branding and marketing industry, offering a platform that allows users to earn cash for promoting advertisers on social media [4] - The Thumzup app is available for download on major platforms, facilitating cash payments to users through digital payment systems like PayPal [4]
Thumzup Media Corporation Expands Bitcoin Strategy, Strengthening Position in the Gig Economy and Digital Assets Market
Prnewswire· 2025-01-30 13:11
Core Insights - Thumzup Media Corporation is expanding its cryptocurrency strategy by compensating gig economy workers in Bitcoin (BTC) and exploring further BTC integration into its business model [1][3] - The company currently holds 19.106 BTC and has been authorized to allocate up to 90% of its surplus cash reserves into Bitcoin, positioning itself as an early adopter of digital assets [2][3] - Thumzup aims to leverage disruptive technologies like artificial intelligence and blockchain to enhance engagement in the gig economy and create shareholder value [3][4] Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, utilizing a programmatic advertiser dashboard and a consumer-facing app to facilitate cash payments for user-generated content [5] - The Thumzup app allows users to earn cash by posting about participating advertisers on major social media platforms, with payments processed through PayPal and other digital systems [5]
More Public Companies Taking a Long-Term Treasury Asset Strategy with Cryptocurrency
Newsfile· 2025-01-30 13:00
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - January 30, 2025) - Investorideas.com, a global news source and expert investing resource covering crypto and tech stocks issues a snapshot looking at stocks that are taking a long-term treasury asset strategy with cryptocurrency, featuring Thumzup Media Corporation (NASDAQ: TZUP), an emerging leader in social media branding and programmatic marketing solutions.Read the full article on Investorideas.comhttps://www.investorideas.com/News/202 ...
Thumzup Media Corporation Issues Shareholder Letter Reflecting on Transformative 2024 and Outlook for 2025
Prnewswire· 2025-01-30 12:01
Thumzup's advertiser base grew by 230% in 2024, surpassing 600 active advertisers across diverse industries A successful Nasdaq listing and a $8.2 million upsized public offering New key markets were entered, including South Florida and Greater Los Angeles Platform enhancements included integration with Instagram Reels and the launch of a new suite of analytics tools Thumzup has purchased $2 million worth of Bitcoin (BTC) and now holds 19.106 Bitcoin LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- Thumzup Media ...