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The tbh app in the App Store. Screen shot: Axios

Facebook has acquired tbh, a mobile app for making polls and sending compliments to other users, according to the app maker's website. The app will continue to operate independently, though the team will move to Facebook's headquarters in Menlo Park.

Why it matters: Given the app's quick rise in popularity among teens, it's not surprising that Facebook quickly wrote a check to the startup and snapped up its app. Facebook's obsession with capturing the eyeballs of teens and young adults has been well documented (a few years ago, it offered to buy Snapchat for $3 billion).

Good deal: As for tbh's makers, this is a good deal—the small company, based in Oakland, Calif., has spent the last five years building several products and apps with varying success and was in the process of shutting down when it debuted tbh, according to a Facebook post by co-founder Nikita Bier. Terms of the acquisition were not disclosed.

Disclosure: The author of this story went to college with tbh's Nikita Bier.

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

The quick FCC fix that would get more students online

Illustration: Sarah Grillo/Axios

As the pandemic forces students out of school, broadband deployment programs aren't going to move fast enough to help families in immediate need of better internet access. But Democrats at the Federal Communications Commission say the incoming Biden administration could put a dent in that digital divide with one fast policy change.

State of play: An existing FCC program known as E-rate provides up to $4 billion for broadband at schools, but Republican FCC chairman Ajit Pai has resisted modifying the program during the pandemic to provide help connecting students at home.

Dion Rabouin, author of Markets
1 hour ago - Politics & Policy

America's hidden depression

Biden introduces his pick for Treasury secretary, Janet Yellen, on Dec. 1. Photo: Alex Wong/Getty Images

President-elect Biden faces a fragile recovery that could easily fall apart, as the economy remains in worse shape than most people think.

Why it matters: There is a recovery happening. But it's helping some people immensely and others not at all. And it's that second part that poses a massive risk to the Biden-Harris administration's chance of success.