Facebook buying nav/traffic app Waze for $1B?
While both companies are remaining silent about the potential purchase, such a move makes sense. Facebook is constantly refining its mobile experience, and the site boasts 751 million active monthly mobile users. That's a jump of 54 percent over last year, outpacing Facebook's desktop growth by nearly double, and the site would surely benefit by offering its mobile users navigation functionality.
Interestingly, this apparently isn't the first time Waze has found itself the object of a larger entity's lust – Apple reportedly showed interest in the company not so long ago.
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