Thumzup to integrate with social media giant X

LOS ANGELES - Thumzup Media Corporation (NASDAQ:TZUP), a $48.45 million market cap company specializing in social media branding and programmatic marketing solutions, announced plans to collaborate with X Corp. (formerly Twitter) to integrate its advertising technology platform. The stock has shown remarkable momentum, gaining over 30% in the past week according to InvestingPro data. This partnership aims to utilize X Corp.'s extensive user base of over 535 million monthly active users to expand Thumzup's reach and influence in digital advertising.

The integration, expected to be completed by the end of January 2025, is a strategic move by Thumzup to capitalize on the growing digital advertising market, which is projected to surpass $1 trillion by 2027. While the company maintains impressive gross profit margins of 86.7%, InvestingPro analysis indicates current financial health challenges, with short-term obligations exceeding liquid assets. Thumzup's platform allows users to earn cash rewards for authentic brand endorsements, with over $250,000 already paid out for approximately 25,000 Instagram posts.

Robert Steele, CEO of Thumzup, stated, "Our planned integration with X Corp. marks a transformative milestone for Thumzup." He highlighted the company's progress, including its recent listing on Nasdaq and its success on Instagram, expressing optimism about the future impact of the integration on the advertising landscape.

Thumzup's platform offers unified campaign management and enhanced audience targeting, and it plans to expand its services to additional social media networks. With X Corp.'s more open nature, Thumzup intends to explore new advertising content types and strategies, potentially increasing innovation and audience engagement.

The press release also contains forward-looking statements regarding Thumzup's potential growth and impact on the advertising industry. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially.

This news is based on a press release statement from Thumzup Media Corporation and reflects the company's plans as of the date of the press release. The information presented is subject to change, and the actual results of the integration may vary. For deeper insights into Thumzup's financial health, valuation metrics, and additional strategic analysis, investors can access 8 more exclusive ProTips and comprehensive financial metrics through InvestingPro.

In other recent news, Thumzup Media Corporation reported a 202% increase in its advertiser base, expanding from 183 to 554 advertisers. This substantial growth underscores the company's successful strategy of incentivizing social media users to become brand ambassadors. Furthermore, Thumzup recently announced plans for aggressive expansion into key Los Angeles areas, aiming to strengthen partnerships with local businesses and empower gig economy workers.

The company is also finalizing the integration of its ad tech platform with Instagram Reels, a feature that is expected to boost user engagement and monetization opportunities. This development follows Thumzup's recent completion of an additional public offering, generating gross proceeds of approximately $8.2 million. The offering, managed by Dawson James Securities, Inc., resulted in the sale of an additional 213,750 shares, bringing the total number of shares sold to 1,638,750.

These developments are part of Thumzup's ongoing mission to revolutionize the social media marketing industry, providing users with opportunities to earn from their social media influence while offering businesses a unique advertising platform. The company's recent growth and strategic initiatives reflect its commitment to this mission.

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