Issue link: https://maltatoday.uberflip.com/i/888285
maltatoday WEDNESDAY 18 OCTOBER 2017 12 Business Today Facebook, which is trying to make inroads with younger users, said Monday that it bought TBH, an anonymous polling app that has become an overnight sensation among teens. Launched less than three months ago, TBH has rapidly gained traction among U.S. teens, a group that analysts say is abandoning Facebook's core social network for services like Snapchat and Facebook-owned Instagram. A Facebook spokeswoman said TBH, which stands for "To Be Honest," will continue as a standalone app under Facebook. The app's creators will become Facebook employees and continue to oversee the app's expansion. The spokeswoman declined to disclose the price. The TBH deal is another example of Facebook's willingness to acquire or mimic rival services that pose a threat to its dominance. The social-media company keeps a close eye on potential threats through an internal "early bird" warning system, The Wall Street Journal previously reported. The app, created by the app development company Midnight Labs, launched on 3 August in the state of Georgia. It quickly rose to the top of the iOS App Store, even though it still hasn't rolled out to all 50 US states. More than five million people have downloaded TBH and sent more than a billion messages, the app's developers said Monday in a blog post announcing the Facebook deal. TBH describes itself as "an app for giving anonymous feedback to friends." Unlike other anonymous apps, TBH says the feedback offered to users is strictly positive. The app asks users for access to their contacts. TBH also requests details such as users' full names, gender, whether they are in high school or college and their grade or year in school. If a user's friends are using TBH, the polling process can begin—with the promise that responses are anonymous. The app goes on to pose a series of prompts, paired with emoji, and the user gets to choose which friend best fits the prompt. Examples include, "Always has their phone ready to catch that important snap," "Always wanted to be friends with them," "Wouldn't mind snuggling up with them during a movie" and simply "Your favorite," with a hands-raised emoji. Regular market closed – 17/10/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change s BOV 66,976 140,633.40 7 2.100 2.090 2.090 2.100 0.030 t GO 11,000 38,600.00 2 3.520 3.460 3.520 3.460 -0.070 l HSB 6,000 11,400.00 3 1.900 1.900 1.900 1.900 0.000 t LOM 9,384 20,644.80 2 2.200 2.200 2.200 2.200 -0.001 s MIA 259,750 1,207,667.00 9 4.650 4.600 4.600 4.650 0.050 t MPC 2,000 1,020.00 1 0.510 0.510 0.510 0.510 -0.020 l PG 1,575 2,362.50 2 1.500 1.500 1.500 1.500 0.000 l SFC 117 1,107.99 1 9.470 9.470 9.470 9.470 0.000 s G20B 30,000 33,507.00 1 111.690 111.690 111.690 111.690 0.020 s G21A 5,824 6,923.57 2 118.880 118.880 118.880 118.880 0.090 s G22A 9,396 11,655.23 3 124.090 124.000 124.000 124.090 0.330 s G28A 6,000 8,078.40 1 134.640 134.640 134.640 134.640 0.690 s G29B 100,000 109,000.00 5 109.000 109.000 109.000 109.000 0.220 s G30A 21,900 31,217.00 2 142.550 142.500 142.500 142.550 0.280 s G32B 8,000 10,808.00 1 135.100 135.100 135.100 135.100 0.240 s G34A 8,000 10,601.60 1 132.520 132.520 132.520 132.520 0.330 s G36A 204,500 220,094.00 9 107.950 107.400 107.400 107.950 0.480 s G39A 854,200 862,406.79 40 101.100 100.600 100.600 100.970 0.290 s G40A 25,400 29,570.30 2 116.700 116.150 116.150 116.700 0.550 t G41A 55,000 57,825.00 2 105.150 105.000 105.000 105.150 -0.050 s BV20A 25,000 25,595.00 2 102.500 102.350 102.500 102.350 0.250 l BV30A 25,000 24,997.50 1 99.990 99.990 99.990 99.990 0.000 l GC21A 15,000 14,887.50 1 99.250 99.250 99.250 99.250 0.000 s GP23A 15,000 15,450.00 1 103.000 103.000 103.000 103.000 0.010 s PT24A 8,000 8,295.20 1 103.690 103.690 103.690 103.690 0.190 t UF23A 4,000 4,200.40 1 105.010 105.010 105.010 105.010 -2.990 Market Summary as at 17/10/2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 103 Volume Traded ................................................................. 1,777,022 Value of € denominated securities .................................... 2,908,548.18 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denomi nated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - FIMBank plc .................................. 0.700 0.00% Mapfre Middlesea plc .................... 1.844 0.00% GlobalCapital plc ........................... 0.370 0.00% MIDI plc ........................................ 0.320 3.23% GO plc ........................................... 3.530 1.67% Plaza Centres plc ........................... 1.050 0.00% Grand Harbour Marina plc ............. 0.726 0.00% RS2 Software plc............................ 1.689 0.00% HSBC Bank Malta plc ..................... 1.900 0.00% International Hotel Investments plc 0.614 0.00% Tigné Mall plc ................................ 0.960 0.00% Lombard Bank Malta plc ................ 2.201 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.750 0.00% Santumas Shareholdings plc ......... 2.250 0.00% Malta International Airport plc ....... 4.600 0.00% Malta Properties Company plc ........ 0.530 0.00% MaltaPost plc ................................. 1.980 0.00% PG plc ........................................... 1.500 0.00% MSE Index Facebook buys 'positive social app' TBH just two months after its launch Facebook has bought a two-month-old app called tbh, which lets people send each other positive feedback through anonymous, quiz-style polls.