On Thursday Thumzup Media Corporation (OTCMKTS:TZUP) was in focus after it provided an update with regards to the growth of its mobile applications this year so far.
Market Action
On Thursday, TZUP stock decreased 9.38% to $7.25 with more than 102 shares, compared to volume of 425 shares. The stock moved within a range of $7.25 – 7.25 after opening trade at $7.25.
Thumzup Downloads Grow 228% Since Start of Year
The company announced that the number of downloads had grown by as much as 228% since the start of 2023 and had exceeded the 5000 downloads mark. The company noted that the significant rise in downloads had possibly been brought about by the impact of a billboard and digital advertising campaigns. The campaigns had been geared strategically towards the growth of the company’s user base in some of the more dynamic markets like Santa Monica and Venice in Los Angeles.
The Thumzup mobile app is available for download from both the Google Play Store and the Apple App Store. The app enables advertisers to generate user produced content for products from regular customers. Additionally, the app also offers incentives to social media users to become advocates of specific brands and businesses on social media. In turn, those customers are paid cash for each of the approved posts. The app has continued to gain traction in many of the markets and the company believes that its effect was starting to take effect.
 Stock Falls After News){kind=link}