- Thumzup Media, a rapidly growing tech platform developer that helps advertisers and social media influencers easily target their markets, recently announced significant insider purchases of company shares on the open market
- The optimism-boosting news was joined by reports that the company has repurchased 79,377 shares of common stock for approximately $298,207 as part of an approved $1 million cap on a stock buyback program
- Thumzup recently uplisted to the Nasdaq exchange and has been growing its list of company clients at a CAGR of more than 200% during the past year
- The company’s proprietary AdTech platform makes it easy for clients to develop and manage social media campaigns, motivating social media influencers to get on board and receive cash payment for their efforts in the campaigns
Social media branding and marketing innovator Thumzup (NASDAQ: TZUP) received a new pair of thumbs up votes recently when company insiders announced new open-market stock purchases of Thumzup shares, as well as ongoing share buyback activity under the company’s previously announced stock repurchase program.
“Continued insider buying and the execution of our share repurchase program reflect our belief in Thumzup’s business model and long-term value proposition,” Founder and Chief Executive Officer Robert Steele stated March 21 (https://nnw.fm/DtNK3). “We remain committed to executing our strategic initiatives while allocating capital in a disciplined manner that we believe enhances shareholder value.”
That business model includes marketing the capabilities of the proprietary AdTech platform, which client companies can use to simply and effectively create and manage social media advertising campaigns that employ recruited influencers. The platform is friendly to the influencers as they generate and are paid for content that promotes clients’ products and services.
Insider activity reports provide investors with measurable insight into company officers’ level of optimism, while the buyback program encourages share value increases as the number of shares in circulation is reduced.
According to the company news release, insiders bought about $60,381 worth of Thumzup common stock during this month’s trading window, and about $62,000 worth of company stock in December. Board member Robert Haag has been the highest purchaser among officers since the company’s launch, buying $575,000 through a combination of open-market purchases and private placements, while other company officers have bought between $17,000 and $95,000 worth.
The stock buyback program is taking place in agreement with the U.S. Securities and Exchange Commission’s Rule 10b-18 with a board-approved cap of $1 million. As of March 24, 2025, the company had repurchased 79,377 shares of common stock for approximately $298,207.
Market analysts at Statista predict global revenue generated by social commerce will hit the trillion-dollar mark within the next three years (https://nnw.fm/YY7rK). Thumzup expects its directory of advertising clients to grow to over 1,000 by this summer, which would continue its trending CAGR of more than 200% during the past year.
“Our rapid growth to more than 700 advertisers up from around 200 this time last year is confirmation of the effectiveness of our disruptive advertising model,” Steele stated earlier this month (https://nnw.fm/f6tB0). “We are continuously growing and redefining how brands connect with consumers. By incentivizing engagement with direct cash rewards and harnessing a vast, untapped audience, we are delivering outsized value — and this is just the beginning.”
For more information, visit the company’s website at www.ThumzupMedia.com.
NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://nnw.fm/TZUP
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