Thumzup Media Corporation(TZUP)

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Thumzup Board of Directors Authorizes Allocation of Up to 90% of Surplus Cash to be Held in Bitcoin
Prnewswire· 2025-01-24 13:08
Company Strategy and Bitcoin Acquisition - Thumzup Media Corporation has authorized the allocation of up to 90% of its surplus cash to be held in Bitcoin as part of its Treasury Asset Strategy [1] - The company purchased $1 million in BTC on January 6, 2025, and plans to continue accumulating Bitcoin [1] - Thumzup was added to The HODL Top 70, a ranking of publicly traded companies owning the most Bitcoin, on January 13, 2025 [1] - The strategic move reflects the company's confidence in Bitcoin as a long-term store of value and a groundbreaking asset class, aiming to optimize financial stability and create additional value for shareholders [2] Industry and Regulatory Developments - President Donald Trump announced plans to make the United States the "World Capital of Artificial Intelligence and Crypto" and issued an Executive Order titled "Strengthening American Leadership in Digital Financial Technology" [3] - The Executive Order directs the establishment of the President's Working Group on Digital Asset Markets, tasked with providing recommendations within 60 days on cryptocurrency regulations [3] - Legislation to establish strategic Bitcoin reserves has been introduced in six states [1] Operational Integration of Bitcoin - Thumzup plans to begin paying gig-economy workers in BTC in the coming weeks, marking a significant step toward integrating Bitcoin into its operational framework [4] - The company is ensuring compliance with all applicable laws and regulations while enabling a user-friendly payment experience for its workforce [4] Company Overview - Thumzup Media Corporation is democratizing the multi-billion dollar social media branding and marketing industry through its flagship product, the Thumzup platform [5] - The platform utilizes a programmatic advertiser dashboard and a consumer-facing App, enabling individuals to get paid cash for posting about participating advertisers on major social media outlets [5] - Payments to App users/creators are made through PayPal and other digital payment systems [5]
Thumzup Announces Appointment of Dr. Joanna Massey to Board of Directors
GlobeNewswire· 2025-01-16 18:05
Thumzup Media Corporation Thumzup Announces Appointment of Dr. Joanna Massey to Board of Directors Dr. Massey also serves as Lead Independent Director for KULR Technology Group and has served on several public and private company Boards handling M&A transactions, structured financings, initial public offerings and follow-on public offeringsPreviously, Dr. Massey held roles as Head of Communications at Condé Nast Entertainment and as a C-Suite Corporate Communications executive in numerous public compani ...
Thumzup Media Corporation Offers $10,000 in Credits for Small Businesses to Support Recovery Efforts Following Los Angeles Wildfires
GlobeNewswire· 2025-01-10 13:00
Eligible businesses can receive up to $200 in credits per location to encourage customer-driven social media posts and support their rebuilding efforts.Empowers businesses to reward customers with cash for posting on Instagram and X (formerly Twitter), helping spread the word about their operations or new locations. Los Angeles, CA, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing s ...
Thumzup Exceeds 600 Advertisers, Fueled by Growth of Proprietary AdTech Platform
GlobeNewswire· 2024-12-23 13:38
Thumzup Media Corporation Thumzup Exceeds 600 Advertisers, Fueled by Growth of Proprietary AdTech Platform Advertiser base expands by 230% in 2024, driven by acceleration in demand Los Angeles, CA, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, is pleased to report continued strong growth in its advertiser base, which now exceeds 600 just weeks after the Company ann ...
Thumzup to Capture Expanding South Florida Market Opportunity
GlobeNewswire· 2024-12-19 12:59
Figure: 1 Thumzup to Capture Expanding South Florida Market Opportunity Thumzup is expanding its operations throughout South Florida, targeting key areas such as Miami, Fort Lauderdale, and West Palm BeachThe Company is committed to leveraging its resources to strengthen partnerships with local businesses and create opportunities for gig economy workers across communities Los Angeles, CA, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging ...
AI and Social Media Stocks - Growth at Breakneck Speed
Newsfile· 2024-12-04 13:30
Core Insights - The article highlights the rapid growth of the AI in social media market, projected to reach USD 6.74 billion by 2029, growing at a CAGR of 28.53% from USD 1.92 billion in 2024 [2] - Thumzup Media Corporation has announced a strategic partnership with AI expert Courtney Doutherd to enhance its ad-tech platform with advanced AI capabilities [3][4] Company Developments - Thumzup Media Corporation is integrating AI into its platform to improve the performance of gig economy salespeople, advertisers, and users [5] - The company aims to democratize social media advertising by allowing brands to pay consumers directly for their posts [5] - The partnership with Doutherd is expected to drive innovation and scalability within Thumzup's platform [6] Market Positioning - Thumzup is set to redefine digital advertising by integrating its platform with Elon Musk's X Corp, expanding its reach to over 535 million monthly active users [7][8] - The integration with X Corp complements Thumzup's existing presence on Instagram, positioning the company for growth in the digital advertising market, which is expected to exceed USD 1 trillion by 2027 [8] Product Innovations - Thumzup recently launched video capabilities, including integration with Instagram Reels, which is anticipated to enhance user engagement and monetization opportunities [9][10] - The integration with Instagram Reels is expected to significantly accelerate Thumzup's growth by providing advertisers with dynamic ways to connect with audiences [10] Industry Trends - The article emphasizes the importance of AI in reshaping social media marketing and branding, indicating a strong future for AI technologies in this sector [28]
Thumzup Achieves 202% Growth in Advertisers on Proprietary Technology Platform Through October 2024
GlobeNewswire News Room· 2024-11-22 14:01
Company targets an estimated 1,000 percent increase in advertiser base through 2025, aiming to add more than 5,000 advertisersAdvertiser base expands from 183 to 554 for the first ten months of 2024A wide range of businesses, from local retailers to national consumer brands, have already adopted Thumzup’s next-generation advertising platformCompany’s model compares to that of Uber’s democratization of ride-sharing Los Angeles, CA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the ...
Thumzup to Use Bitcoin for Payments to Gig Economy Workers
GlobeNewswire News Room· 2024-11-19 12:30
Through established platforms like Coinbase embracing cryptocurrency payouts, Thumzup plans to soon offer its gig workers the option of digital currency payments Los Angeles, CA, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), a leading provider of innovative social media branding and marketing solutions that allows businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media, today announced it will so ...
Thumzup Board of Directors Approves Bitcoin as Treasury Reserve Asset
GlobeNewswire News Room· 2024-11-15 12:30
Los Angeles, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), a leading provider of innovative social media branding and marketing solutions that allow businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media, announced today that the Company’s Board of Directors approved the purchase of up to $1 million in Bitcoin. “As demand for Bitcoin increases and it gains recognition as a leading asset clas ...
Thumzup Media Corporation(TZUP) - 2024 Q3 - Quarterly Report
2024-11-14 21:05
Financial Performance - The Company generated revenues of $150 for the three months ended September 30, 2024, representing an increase of 108.33% compared to $72 for the same period in 2023[112]. - For the nine months ended September 30, 2024, revenues were $585, a decrease of 75.85% from $2,422 in the same period of 2023[120]. - The net loss available to common shareholders was $464,837 for the three months ended September 30, 2024, a decrease of 58.26% from $1,113,781 in the same period of 2023[112]. - The net loss available to common shareholders for the nine months ended September 30, 2024, was $1,346,269, a decrease of 54.36% from $2,949,450 in the same period of 2023[120]. - Operating expenses decreased by 38.37% to $442,847 for the three months ended September 30, 2024, down from $718,517 in the same period of 2023[112]. - Operating expenses for the nine months ended September 30, 2024, were $1,300,292, down 39.51% from $2,149,445 in the same period of 2023[120]. - The Company had cash balances of $110,246 as of September 30, 2024, down from $259,212 as of December 31, 2023[127]. - The Company used net cash in operations of $1,053,175 for the nine months ended September 30, 2024, compared to $1,911,767 for the same period in 2023[128]. - The Company raised approximately $7,125,000 from a public offering of common stock that closed on October 30, 2024[139]. Management Compensation - Mr. Steele's base salary will increase from $168,000 to $250,000 upon achieving $100,000 in net monthly ad revenue for twelve consecutive months[142]. - Mr. Steele's base salary will further increase to $350,000 upon reaching $250,000 in net monthly ad revenue for twelve consecutive months[142]. - The company will pay Mr. Steele a past performance bonus of $50,000 within 5 days of up-listing to a national stock exchange[142]. - Mr. Dietrich's base salary will also increase from $168,000 to $250,000 upon achieving $100,000 in net monthly ad revenue for twelve consecutive months[143]. - Mr. Dietrich's base salary will increase to $350,000 upon reaching $800,000 in net monthly ad revenue for twelve consecutive months[143]. - The company will pay Mr. Dietrich a past performance bonus of $25,000 within 5 days of up-listing to a national stock exchange[143]. Business Operations - Thumzup has paid out on 25,996 approved posts to 1,472 users regarding 559 advertisers since inception[106]. - Advertisers on the Thumzup platform have grown by a 209% CAGR since November 8, 2023[107]. - The Thumzup platform enables advertisers to pay creators between $1.00 to $1,000.00 per screened post[102]. - The Thumzup App connects brands with individuals willing to promote products, leveraging the gig economy[91]. - The Thumzup App is designed to generate scalable authentic social media content for advertisers[105]. Market Insights - In 2023, $148 billion was spent on digital display ads in the United States, with 43% of marketers considering display ads the least effective channel[94]. - 81% of consumers believe friends and family are the most reliable sources of information about products[95]. - The average American adult spent 7 hours and 58 minutes per day using digital media in 2020, with usage expected to continue accelerating[96]. Internal Controls and Legal Matters - As of September 30, 2024, the company identified a material weakness in internal control over financial reporting[151]. - The company plans to enhance internal control by appointing additional qualified personnel, contingent on securing financing or generating significant revenue[152]. - The company concluded that its financial statements present fairly its business and financial condition despite the identified weaknesses[147]. - The company is not currently involved in any legal proceedings that could materially affect its business[154]. Future Plans - The company aims to list its common stock on Nasdaq under the symbol "TZUP" following its admission to the OTCQB[88]. - The company has incurred losses since inception and is seeking to raise additional funds through loans or sales of common stock[108].