Items tagged with Waze Navigation

Mark Zuckerberg and the rest of the decision makers at Facebook are in "advanced talks" to acquire Waze, an Israeli start-up that makes a social GPS application with turn-by-turn navigation for GPS-enabled smartphones. Apparently Facebook is really enamored with the app, as the price that's being floated around the web is anywhere from $800 million on up to a whopping $1 billion, the latter of which is the same Zuckerberg and company paid for Instagram. News of the potential acquisition was first reported by Calcalist, a Hewbrew-language daily business newspaper published in Israel by the Yedioth Ahronoth Group. According to Calcalist, nothing is yet official, though negotiations are currently... Read more...