Facebook acquires 'tbh' reportedly for $100 million
18 October, 2017, 00:55 | Author: Patty Aguilar
For now, the tbh app is not expected to change under Facebook's ownership. These are then answered anonymously by the users' friends and are sent to the users in the form of positive feedback.
Facebook has snapped up an app that encourages teenagers to be nice to each just nine weeks after it was launched. TBH believes that it holds similar values to Facebook and is hopeful that the acquisition will help to bring its message to more people.
The amount of the deal hasn't been disclosed, but according to TechCrunch, it's "less than $100 million and won't require any regulatory approval". This suggests that tbh's widely recognized name and distinctive style persuaded Facebook that it would be better off buying tbh than trying to clone its functionality - something that Facebook's coders could easily do in a very short space of time. Once confirmed, you will be able to share the poll between your friends and other users of this app.
Once the users create their own quiz, the TBH team reviews it, and thereafter, gives a green or red signal. So make sure to start a flawless survey and bring the best of questions for your friends and other relatives. If we talk about the last month, the app hit the top charts on Apple's App Store for most number of downloads.
"When we met with Facebook, we realized that we shared numerous same core values about connecting people through positive interactions", the tbh team said in a statement. "We're impressed by the way tbh is doing this by using polling and messaging, and with Facebook's resources, tbh can continue to expand and build positive experiences", the company said.
Although teenagers apparently love anonymously ranking people they know without any controversy, it's unclear if Midnight Labs, the app's parent company, could ever make money on the service.
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