Facebook Eyeing GPS Mobile App

Just last Thursday, discussions for Facebook to buy over mobile GPS app, Waze have been ongoing. No decisions have been finalized as of yet. However, figures have been quoted at $1 billion to buy over the Israel-based GPS mobile navigation application.

The largest social networking website, Facebook is expected to proliferate its presence in the mobile industry by offering online maps in the future. Waze is a company which serves over 40 million users. Potentially, Facebook could offer driving directions as well as up to date information for people to avoid jams and accidents.

This being said, the deal would be the largest since the purchase of Instagram at $747 million just last year.