Thumzup Media Corporation(TZUP)
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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 ...
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 ...