Waze: The Social GPS App That Facebook May Buy For $1 Billion
Facebook is in negotiations to acquire to the GPS technology company Waze in what could amount to a $1 billion deal, according to reports. So what is Waze anyway? The Israeli company (which also has offices in California and Europe) offers an app that uses GPS and crowd sourcing to help drivers avoid traffic and find the quickest route.
The community-based traffic and navigation app connects drivers based on their location and lets them share real-time traffic and road information. Users
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