Facebook in talks to buy crowdsourced traffic app Waze for up to $1 billion
due dilligence on Waze, which uses signals from subscribers' phones to generate real-time traffic information. The two sides have purportedly been discussing a deal for 6 months now. Back in January, rumors that Apple was going to purchase Waze in a bid to improve its beleaguered Apple Maps was quickly shot down.
Waze has 45 million members, triple the amount from a year ago. In March alone, $1.5 million new members were added to the roster. Facebook and Waze have been partners since last October when Waze released an updated version of its app that allows its members to share a drive with their Facebook friends.
2. TheMan (Posts: 434; Member since: 21 Sep 2012)
Great, FB can screw up one of my favorite apps on Android -- with the probable result that Waze reports my whereabouts on my profile.
3. buccob (Posts: 1881; Member since: 19 Jun 2012)
NOOOOOO Google you are dumb not to have tried this....
You should have killed Buzz and buy Waze long time ago... imagine how your navigation would have been with crowdsourcing...
Waze is the most popular navigation app in my country... since Google does not even offer Navigation here...
5. Rayvelynn (Posts: 124; Member since: 05 Jul 2012)
Zuckerberg you are doing too much, First Instagram now Waze. You are a thorn in my spine. As if you already don't have enough information to spy on people.
6. mrfamous1 (Posts: 27; Member since: 25 Apr 2012)
Great Companies buy smaller great companies to stay relevant!!!
7. Stuntman (Posts: 827; Member since: 01 Aug 2011)
I'm a little torn about this news. I love Waze and a Facebook aquisition will have the potential to increase Waze's popularity which would make it beneficial to me as a Waze user. However, I am wary that Facebook will screw with it in such a way that would annoy me.
8. MC1123 (Posts: 1254; Member since: 12 Nov 2012)
i thought apple bought this company...
but pretty neat that waze is available to iOS, Android and BB10! no WINDOWS PHONE!!!