Thumzup Media Corporation (OTCMKTS:TZUP) Stock Takes a Hit: Here is Why

On Tuesday, Thumzup Media Corporation (OTCMKTS:TZUP) was in the news cycle after it announced that it had welcomed C&O Restaurants on to its cash rewards digital social media branding platform. In this regard, it should be noted that Thumzup Media Corporation offers the Thumzup app, which is available on both Google Play and the Apple App Store.

Trading Data

On Tuesday, TZUP stock slumped 17.65% to $7.00 with 838 shares, compared to its average volume 429 shares. The stock moved within a range of $4.55 – 7.00 after opening trade at $5.50.

Thumzup® Welcomes C&O Restaurants to its Proprietary Cash Rewards Platform

It is an app that provides incentives to virtually anybody who wishes to be social media advocates for any participating brand. The participants are paid in cash for all approved posts and thereby led to the creation of an organic social media marketing ecosystem.

Robert Steele, who is the Chief Executive Officer and Founder of Thumzup Media Corporation, spoke about the company’s latest coup. He noted that the company was excited to have welcomed C&O Restaurants which is famed for its Best Free Table Bread in LA  and The Rat Pack Martini Bar.

He went on to note that the users on Thumzup app would now be able to earn cash rewards while enjoying the food at the joints owned by C&O Restaurants. Steele also noted that he had been eating at the restaurants for years and he looked forward to continuing the commitment.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.