Social Media Stocks and the Importance of Artificial Intelligence-
Stocks Mentioned; Thumzup Media Corporation (Nasdaq: $TZUP) @thumz_up, Meta
Platforms, Inc (Nasdaq: $META), Pinterest, Inc. (NYSE: $PINS), Snap Inc. (NYSE:
$SNAP)
December 4, 2024 –Investorideas.com, a global news source and expert investing resource covering AI and tech
stocks issues a snapshot for the sector featuring Thumzup Media Corporation (Nasdaq: TZUP), an emerging leader in social media branding and
marketing solutions that just announced AI implementation for its platform.
Stocks mentioned in this article: Meta Platforms, Inc
(Nasdaq:
META), Pinterest, Inc. (NYSE: PINS), Snap Inc. (NYSE: SNAP).
Research and Markets recently reported, ”The AI
in social media market is expected to grow at a CAGR of 28.53%, reaching a
market size of US$6.74 billion in 2029 from US$1.92 billion in 2024. AI is altering the landscape of social media
at breakneck speed.”
Precedence Research says it
is expected to be worth around USD 54.07 billion by 2034.
Positioning for this growth,Thumzup Media Corporation (Nasdaq: TZUP) just announced a strategic partnership with Tedras
Global Solutions, LLC and its principal, Courtney Doutherd, a globally recognized software
engineer and artificial intelligence (AI) expert. This
collaboration aims to integrate state-of-the-art artificial intelligence (AI)
into Thumzup’s flagship ad-tech platform, marking a bold step toward redefining
social media advertising.
Paid News Dissemination of behalf of TZUP
Read this
news, featuring TZUP in full at https://www.investorideas.com/news/2024/technology/12041Social-Media-Stocks-AI.asp
From the
news: Courtney Doutherd, a globally recognized AI expert
and alumnus of MIT and Wharton, brings over 25 years of proven experience in
AI, software engineering, and program management to lead Thumzup’s AI
initiatives. With a distinguished career that includes contributions to
industry leaders like SpaceX, Oracle, Microsoft, and IBM, Doutherd has achieved
notable milestones such as developing robotic integration software for space
shuttles and satellites, pioneering Blu-ray technology at Sony, and
establishing AI frameworks at Bell Labs and Xerox PARC. Her expertise extends
to implementing a microfinance system across 60+ countries. Doutherd’s
leadership ensures Thumzup’s platform is poised for unparalleled scalability
and personalization, leveraging groundbreaking AI frameworks and engineering
large-scale systems to drive transformative growth.
Strategic Highlights:
- The integration of advanced AI technologies is
projected to enhance Thumzup’s platform performance by improving
recruiting, training and support of gig economy sales people, advertisers
and users
- By allowing brands to
easily, programmatically, and directly pay consumers for their social
media posts, Thumzup introduces a unique, democratized approach to social
media advertising.
- With Doutherd’s leadership, the company is poised
to deliver rapid innovation and remain at the forefront of ad-tech
advancements.
We are excited to welcome Courtney to the team,”
said Robert Steele, CEO of Thumzup. “His vast expertise in AI and programmatic
systems should accelerate the execution of our vision deliver next-generation
technology to consumers and businesses. Together, this will enhance the Thumzup
platform as the premier solution for social media branding and marketing.”
Steele added, “Integrating advanced AI capabilities
will not only streamline our platform’s operations but also significantly
broaden our market reach and effectiveness, accelerating our growth and
efficiencies to enhance the platform experience for both advertisers and
creators. This milestone establishes a robust foundation for our ongoing growth
and innovation, solidifying Thumzup as a leader in the social media advertising
landscape.”
Thumzup is uniquely positioned to capitalize on the
surging demand for personalized digital marketing solutions, offering
businesses a way to directly connect to their audience while rewarding users
for authentic engagement. This initiative highlights the Company’s commitment
to enhancing shareholder value through technological leadership and market
differentiation.
Yesterday Thumzup Media Corporation (Nasdaq: TZUP) announced its plans to redefine
digital advertising by integrating its disruptive ad tech platform with Elon
Musk’s X Corp. (formerly Twitter), a social media giant with over
535 million monthly active users. This expansion aligns with Thumzup's mission
to maximize advertiser reach and turn everyday users into brand ambassadors.
From the
news: By integrating with X, Thumzup expands its potential
reach to a massive and engaged audience, complementing its existing presence on
Instagram. This would position Thumzup for continued growth in the booming
digital advertising market which is expected to exceed $1 trillion by 2027.
Thumzup
Media Corporation announced in November the beta
launch of its highly anticipated video capabilities, including integration with
Instagram Reels. Instagram and its trademark are owned by Meta Platforms, Inc (Nasdaq: META).
From the
news: “We are excited to unveil our new video posting
feature and its integration with Instagram Reels. I strongly believe Thumzup’s
integration with Instagram Reels should significantly accelerate our growth.
This new feature in our ad-tech platform provides our community of users with
new opportunities to monetize their creativity while offering our advertisers a
more dynamic way to connect with audiences on one of the most popular social
media platforms,” stated Thumzup Chief Executive Officer Robert Steele. “With
an audience of over 726 million unique users, Instagram Reels’ provides
enormous reach and engagement [1]. We expect Thumzup’s Instagram Reels
integration will be transformative for our community, advertisers, and
shareholders.”
On October 30th Instagram, WhatsApp and Facebook’s
owner (Nasdaq:
META) reported financial results for the
quarter ended September 30, 2024.
"We had a good quarter driven by AI progress
across our apps and business," said Mark Zuckerberg, Meta founder and CEO.
From the
news:
·
Third Quarter 2024
Operational and Other Financial Highlights
·
Family daily active people
(DAP) – DAP was 3.29 billion on average for September 2024, an increase of 5%
year-over-year.
·
Ad impressions – Ad
impressions delivered across our Family of Apps increased by 7% year-over-year.
·
Average price per ad –
Average price per ad increased by 11% year-over-year.
·
Revenue – Total revenue was
$40.59 billion, an increase of 19% year-over-year. Revenue on a constant
currency basis would have increased 20% year-over-year.
·
Costs and expenses – Total
costs and expenses were $23.24 billion, an increase of 14% year-over-year.
·
Capital expenditures –
Capital expenditures, including principal payments on finance leases, were
$9.20 billion.
·
Capital return program –
Share repurchases were $8.86 billion of our Class A common stock and total
dividend and dividend equivalent payments were $1.26 billion.
·
Cash, cash equivalents, and
marketable securities – Cash, cash equivalents, and marketable securities were
$70.90 billion as of September 30, 2024. Free cash flow was $15.52 billion.
·
Long-term debt – Long-term
debt was $28.82 billion as of September 30, 2024.
·
Headcount – Headcount was
72,404 as of September 30, 2024, an increase of 9% year-over-year.
Another one of the top social media stocks talking
about the importance of AI implementation, Pinterest, Inc. (NYSE: PINS) announced on November 7th its
financial results for the quarter ended September 30, 2024.
From the news:
·
Q3 revenue grew 18% year over year to $898 million.
·
Global Monthly Active Users ("MAUs")
increased 11% year over year to 537 million.
·
GAAP net income was $31 million for Q3. Adjusted
EBITDA* was $242 million for Q3.
·
Total costs and expenses were $904 million.
"We delivered another strong quarter with
users reaching another all-time high of 537 million and revenue growth at
18%," said Bill Ready, CEO of Pinterest. "Our AI investments are
driving results by powering better personalized experiences and greater
performance for advertisers, with our lower-funnel ad tools being the
fastest-growing part of our business. Advertisers are increasingly relying on
Pinterest to engage our growing audience who see us as a great place to find
inspiration, curate and shop."
Also reporting earnings and talking about the
importance of AI in its growth, Snap Inc. (NYSE: SNAP) announced financial results on October 29th
for the quarter ended September 30, 2024.
"I’m proud of the team’s progress this
quarter, delivering strong community growth and deepening engagement while
driving improved financial performance," said Evan Spiegel, CEO. "Our
investments in AI and AR are powering new creative experiences for our community
and driving innovation across our advertising platform, underpinning our
long-term growth opportunity."
From the news:
·
Q3 2024 Financial Summary
·
Revenue was $1,373 million, compared to $1,189
million in the prior year, an increase of 15% year-over-year.
·
Net loss was $153 million, compared to $368 million
in the prior year.
·
Adjusted EBITDA was $132 million, compared to $40
million in the prior year.
·
Operating cash flow was $116 million, compared to
$13 million in the prior year.
·
Free Cash Flow was $72 million, compared to $(61)
million in the prior year.
Looking to the future, as AI technology advances at
exponential rates, AI in social media offers an unlimited future of reshaping social
media marketing, branding and its revenue growth.
Research more AI stocks with Investorideas.com free
stock directory
https://www.investorideas.com/TSS/Stock_List.asp#Robotics
About Investorideas.com - Big
Investing Ideas
Investorideas.com is the go-to platform for big
investing ideas. From breaking stock news to top-rated investing podcasts, we
cover it all. Our original branded content includes podcasts such as Exploring
Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create
free investor stock directories for sectors including mining, crypto, renewable
energy, gaming, biotech, tech, sports and more. Public companies within the
sectors we cover can use our news publishing and content creation services to
help tell their story to interested investors.
Disclaimer/Disclosure: This article featuring Nasdaq:TZUP is paid for content
and news dissemination. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. Learn more about publishing
your news release and our other news services on the Investorideas.com
newswire https://www.investorideas.com/News-Upload/ More disclaimer: https://www.investorideas.com/About/Disclaimer.asp
Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on X @investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact
Investorideas.
800
665 0411
Get more Technology
stock investor ideas - news, articles, podcasts and stock directories
No comments:
Post a Comment