Facebook Acquires Teen Compliment App, TBH

[engine]

Facebook is looking for the next big thing to capture attention, and has acquired TBH, which is a compliment app teens are starting to use.

[tbhtime.com...]

[NickMNS]

Congratulations Facebook you have just acquired the personal information of 5 million teens in the US. Good thing the company had a privacy policy that said they would not share any personal data with any third parties.

Information Disclosed in Connection with Business Transfers
Information that we collect from our users, including PII, is considered to be a business asset. In the event that Midnight Labs is involved in a bankruptcy, merger, acquisition, reorganization or sale of assets or if our assets are acquired by a third party in the event we go out of business or enter bankruptcy, some or all of our assets, including your PII, may be sold or transferred to a third party as part of that transaction.

The app launched in August 2017. 2 month! There must be some very happy VC's.

Any indication on what they paid?

[lucy24]

I can't get past “teen compliment app”. In real life, doesn't that mean “tbh, someone has to tell you this and I'm just saying it as a friend: those pants make you look fat” ?

[engine]

In part, because it's new it attracts youngsters, and i've often seen their eagerness to get involved in something their peers are using or playing with. There's this fear of missing out, so they get involved.

I think this is FB looking for the next big thing.