Thumzup Media Corporation (OTC:TZUP) Stock Corrects From Recent High: Now What?
This past Friday, Thumzup Media Corporation (OTC:TZUP) was one of the companies that was in sharp focus after it made a major new announcement. The company announced that since the start of this year, its user base has grown by a staggering 786%. The Thumzup mobile app, which can be downloaded from both Google Play and the App Store, helps advertisers generate content from fans and customers.
Additionally, the app also provides incentives to fans and customers to turn into brand advocates, who are then paid in the form of cash for posts that are approved. Robert Steele, the chief executive officer and founder of the company, spoke about the growth as well. He noted that the company’s platform had resonated with a significant number of people in the market.
He noted that the platform had the potential for viral growth since it would be recommended by the users to their friends. He went on to add that as the company continued to make the product even more efficient, there was a belief that the platform could be expanded to other markets in the United States. He stated that the company’s aim was to make Thumzup Media a major cog in the gig economy.
The company announced on July 31 that it had added Santa Monica, California-based Jameson’s Irish Pub to its cash rewards social media branding platform. At the time, Steele noted that everyone at the company was thrilled at the possibility of having welcomed Jamesons to the platform and called it the favorite neighborhood pun in Santa Monica. Through this particular association, it would be possible for users of the Thumzup Media platform to enjoy all the offerings of Jameson’s Irish Pub, which also includes live entertainment. He went on to add that he looked forward to helping the pub expand its sales figures and customer base.
There was another major development with regards to Thumzup Media on July 25 when the company announced that it was going to exhibit and support the Venice Beach Games which were going to begin on July 29, 2023. The Venice Beach Games had been scheduled to begin at 9 a.m. and go on until 5 p.m. Pacific Time.
In this regard, it ought to be noted that the Venice Beach Games are regarded as a major outdoor celebration that helps bring together the entire community in a day of fun, sports, games, competition, fitness, and conviviality. The guests who participate in the games can be part of more than 80 competitions that are hosted at the event. Some of the events that are often part of the games include fitness challenges, exercise classes, and so on.
The collaboration with the event was a major development for Thumzup Media since those who participated at the event could provide positive advertising and posts on social media about the Venice Beach Games. Consequently, those participants could end up earning cash in return for their roles as influencers.
