Information is Wealth.

An app that encourages teens to be nice to each other has been acquired by Facebook for an undisclosed fee. The app - called tbh, meaning "to be honest" - is just nine weeks old, but had already been downloaded five million times. The app's creators said  it will remain a standalone program but will now have more resources thanks to Facebook. "We were compelled by the ways they could help us realise tbh’s vision and bring it to more people," tbh said. According to start-up news site TechCrunch  , the deal was for "less than $100m", and tbh's four person team would become Facebook employees. One expert commented that Facebook keeps a close eye over new companies and is willing to pay a premium to buy them rather than risk them developing into a threat. "This is the latest example of Facebook snapping up a start-up that could potentially game-change the way people consume social media and erode its own user base," commented Prof Mark...