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LOS ANGELES—Robert L. Haag, a director at Thumzup Media Corp (OTC:TZUP), recently acquired 3,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The purchase, executed on December 5, was made at a price of $4.85 per share, totaling approximately $14,549. The stock, which currently trades at $4.91, has shown significant volatility this year, ranging from $2.76 to $7.89. According to InvestingPro analysis, the company appears overvalued at current levels.
Following this transaction, Haag, through Westside Strategic Partners, LLC, now holds 295,310 shares indirectly. Additionally, he owns 125 shares directly. Haag, as the managing member and sole owner of Westside Strategic Partners, LLC, maintains voting control and investment discretion over the securities held by the entity. The company, with a market capitalization of $46.1 million, maintains an impressive gross profit margin of 86.7%.
Thumzup Media Corp, based in Los Angeles, operates within the technology sector, focusing on computer processing and data preparation services. InvestingPro analysis reveals several additional insights about the company's financial health and market position, with 8 more exclusive tips available to subscribers.
In other recent news, Thumzup Media Corporation has reported significant developments. The company has announced a strategic partnership with AI expert, Tedras Global Solutions, to enhance its advertising platform. This partnership is expected to improve the platform's functionality and extend its market reach. Thumzup has also announced plans to integrate its platform with X Corp., aiming to capitalize on the growing digital advertising market.
Furthermore, Thumzup has reported a substantial increase in its advertiser base, expanding from 183 to 554 advertisers. The company has also announced plans for aggressive expansion into key Los Angeles areas, intending to strengthen partnerships with local businesses and empower gig economy workers.
In addition to these developments, Thumzup is finalizing the integration of its ad tech platform with Instagram Reels, which is expected to boost user engagement and monetization opportunities. The company has also completed an additional public offering, generating gross proceeds of approximately $8.2 million. These are recent developments in Thumzup's ongoing mission to revolutionize the social media marketing industry.
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