TechCrunch reports that Facebook is moving to purchase the navigation and traffic app Waze for a lofty sum. The buy would be the latest in a long line of high-dollar acquisitions by the social networking site, and both sides of the acquisition have reportedly entered into advanced due diligence after negotiations began six months ago. Early estimates put the payout somewhere between $800 million and $1 billion... if both sides can overcome a few stumbling blocks. The biggest of those is whether
Social navigation apps are gaining momentum by the day and Waze is continuing to innovate with a new update that adds voice alerts for traffic. As the video demonstrates, if a driver sees a hazard – be it a speed trap or a patch of ice – he can record a short voice memo that will be pushed to other drivers in the area. When they approach the afflicted section of road or plan a route that includes the hazard, the voice alert automatically plays, warning them of the issue. The updated
Navigation has come a long way since Mapquest first hit the scene. Few of us are bumbling around our nation's highways with print-out directions anymore thanks to the wide availability of manufacturer and aftermarket nav systems. Even most phones have some sort of turn-by-turn directions on them, but even the best systems have a hard time keeping track of up to minute variations in traffic conditions. Which is why our curiosity has been peaked by the Waze app.