LOS ANGELES—Robert Haag, a director at Thumzup Media Corp (NASDAQ:TZUP), recently acquired 2,000 shares of the company's common stock. The micro-cap company, currently valued at $42.35 million, maintains impressive gross profit margins of nearly 87%, though InvestingPro analysis indicates the stock is trading above its Fair Value. The shares were purchased at an average price of $4.7324 each, amounting to a total transaction value of $9,464. With the stock showing high price volatility according to InvestingPro data (unlock 8 more exclusive ProTips with a subscription), investors should monitor price movements carefully. Following this acquisition, Haag holds 292,310 shares indirectly through Westside Strategic Partners, LLC, where he has voting control and investment discretion. Additionally, he owns 125 shares directly.
In other recent news, Thumzup Media Corporation has been making significant strides in its business operations. The company announced a strategic partnership with Tedras Global Solutions to integrate advanced artificial intelligence into its advertising platform, an initiative led by AI expert Courtney Doutherd. Thumzup also revealed plans to collaborate with X Corp to leverage its extensive user base and expand its influence in digital advertising.
Further developments include a 202% increase in Thumzup's advertiser base, growing from 183 to 554 advertisers. The company is also planning aggressive expansion into key Los Angeles areas, aiming to strengthen partnerships with local businesses and empower gig economy workers.
In addition, Thumzup is nearing the completion of its ad tech platform's integration with Instagram Reels, a move expected to boost user engagement and monetization opportunities. Lastly, the company recently completed an additional public offering, generating gross proceeds of approximately $8.2 million.
These recent developments are part of Thumzup's ongoing mission to revolutionize the social media marketing industry. The company's growth and strategic initiatives reflect its commitment to this mission.
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