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Here’s Why Facebook Wants To Spend $1 Billion On Waze, According To Industry Sources Who Are Smarter Than We Are

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According to several reports, Facebook is in talks to buy an Israeli startup called Waze for $1 billion. Waze makes a “social” mapping app for smartphones. It was founded in 2009, and it has been backed by investors that include Horizons Ventures Hong Kong and Kleiner Perkins. Last July, when Waze hit 20 million users, […]

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