Thumzup Media adds Dr. Joanna Massey to Board

LOS ANGELES – Thumzup Media Corporation (NASDAQ: TZUP), a company specializing in social media branding and programmatic marketing solutions, announced today the appointment of Dr. Joanna Massey to its Board of Directors. Dr. Massey, with over 25 years of experience in executive roles within the communications and media sectors, joins Thumzup as an independent director and will chair the Nomination and Corporate Governance Committee. The appointment comes as the company, currently valued at $33.7 million, trades below its InvestingPro Fair Value, with notably high price volatility in recent months.

Dr. Massey's career includes senior positions at Condé Nast Entertainment, Lions Gate Entertainment, CBS Corporation (NYSE:CBS_old), and Viacom, Inc. (now Paramount Global). She is known for her expertise in global brand reputation management, enterprise risk management, corporate governance, and digital media strategy. Her current roles span various board directorships, both in public and private sectors, and she is recognized for her contributions to leadership networks such as the National Association of Corporate Directors and Women Corporate Directors.

Robert Steele, Chief Executive Officer of Thumzup, expressed confidence that Dr. Massey's extensive background and investment in the company will bring substantial value to shareholders and aid in the company's growth.

Thumzup's platform offers a consumer-facing app that rewards users for posting advertiser content on major social media outlets, while providing advertisers with a dashboard for campaign customization. The service facilitates cash payments to users through digital payment systems like PayPal (NASDAQ:PYPL). According to InvestingPro data, the company maintains impressive gross profit margins of 86.7%, though it currently operates with moderate debt levels and faces short-term liquidity challenges.

The company's forward-looking statements, as per the press release, indicate plans for potential uplisting and expansion, emphasizing its intent to impact the advertising industry positively. However, these statements are subject to the usual risks and uncertainties inherent in future projections. InvestingPro subscribers have access to 8 additional key insights about TZUP's financial health, growth prospects, and market position, essential for making informed investment decisions.

This announcement is based on a press release statement from Thumzup Media Corporation.

In other recent news, Thumzup Media Corporation has announced a series of significant developments. The social media branding company has reported a 202% increase in its advertiser base, expanding from 183 to 554 advertisers. Thumzup has also recently integrated with Elon Musk's X Corp, a move that will allow Thumzup's advertisers to tap into X's user base of 535 million monthly active users.

In addition, the company has partnered with AI expert Tedras Global Solutions to enhance its advertising platform, with the initiative being led by experienced AI professional, Courtney Doutherd. Thumzup has also disclosed plans for aggressive expansion into key Los Angeles areas, with the aim of strengthening local business partnerships and supporting gig economy workers.

Furthermore, Thumzup is nearing the launch of its integration with Instagram Reels, a development expected to boost user engagement and monetization opportunities. The company has also recently completed an additional public offering, managed by Dawson James Securities, Inc., which generated gross proceeds of about $8.2 million. These are the latest in a series of developments reflecting Thumzup's ongoing commitment to revolutionize the social media marketing industry.

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