Facebook rumored to be buying GPS app Waze for upto$1billion

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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby modernborn » Sun May 12, 2013 6:19 am

Just in case the waze family really read these post, Waze has the potential to be something better than facebook ever could, something functional and make its own Waze book to rival any billion dollar company, by providing the most functional information to the world the makes a difference in people lives every day. The potential for this app is insane, and i sometimes wonder if they even have a clue as to what they can envolve into. With that said, lets give them some ideas as to what they can do with Waze to achieve a mass following. I will add one thing I think would be cool is an Information POP up for each city you go thru of how many break ins, murders, rapes ect would be more than interesting but still functional. What school are falling apart, Unemployment rate, number of pot holes, number of accidents. Number of police cars , the bottom line is wazers our an interesting breed of wanting functional information to make us more successful and powerful and they have a big enough jump to be the leader in an revolutionary new way of thinking and gaining a following that would put FB to shame. But in all honesty a Billion dollars could make a company go stupid. Lol
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby Nacron » Fri May 10, 2013 4:38 am

jasonh300 wrote:
gettingthere wrote:Another day, another takeover rumor. Who cares who owns what? If it stays as a 'free' navigation application and does what you want, use it.

Such big threats. "I will quit being your free customer if you do this." Funny.


The threat is that people will stop editing the map. If a handful of users leave, it's no big deal, but if the veteran map editors decide that they are no longer willing to spend thousands of hours doing uncompensated work for an entity like Facebook, then it will hurt. The value is in the maps and the routing algorithms.

With a ridiculous number like $2,000,000,000, figure that half of that goes to the technical end, and the other half goes to the map. If you take the top 500 map editors who have done 99.9% of the map editing work, the work that we've already done becomes valued at around $1,000,000 each. Do you think they're going to cut each of us a check when the sale is complete?

That being said, if I was one of the partners, and had that kind of offer on the table, I'd have a really hard time passing it up.

Here here, I'm glad to offer my time to an independent company but not to facebook. Just go public with the company and offer the top editors stock options :)

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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby ncc1701v » Fri May 10, 2013 1:39 am

dmcconachie wrote:Facebook has pretty granular security settings these days, share what you want, including nothing whatsoever if that's your thing.

Facebook has a granular privacy policy... that is always changing, not as well defined as it appears, and not well followed by organizations you interact with (sometimes unknowingly) on Facebook. Also, when you access the Facebook web site via your web browser, you are using an app that doesn't belong to Facebook so you have some independent control. Not so with an app on your phone. I haven't trusted waze either but I wasn't too concerned. I am concerned with FB.

If you say you have nothing to hide, I suspect you don't know what can be derived from correlations. And I'm sensitive to all this because I have been engaged in privacy fights. For example we just pushed back on a proposal for two-way mapping between vehicle identification numbers and IP addresses.

Anyway sadly, if this buyout happens I'm gone.

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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby ncc1701v » Sat May 11, 2013 11:51 am

sketch wrote:If you want programs that benefit everyone without a profit motive behind them, maybe you should consider voting socialist.

Gang, there are different approaches to making a profit, capitalism doesn't mean squeezing everything you can out of everyone you can, and calling a situation where everybody wins socialism is just displaying ignorance. The Waze business model as I understood it was originally to give people something they wanted (good congestion avoidance) in trade for up-to-the-second congestion reporting, which could then be sold to others. Everybody profits. That changed as the user base changed, so that the map itself became more significant, they dabbled in other things they could monetize and even started selling advertising on the map, but congestion avoidance was still primary, and the deal you make with Waze was clear. The Facebook business model on the other hand started out as selling advertising and became confused and ad hoc. They've said they make it up as they go along. The trade you make with them is never clearly defined, but it certainly involves their allowing access to personal information that you may not have agreed to spread. Regardless of what FB says, their system leaks, a lot, and they are dangerous to privacy. This leakage can be controlled where you use a web browser to interact with them, but it cannot be controlled if you are constantly feeding information about yourself to them from a phone app.
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby ncc1701v » Sat May 11, 2013 1:38 pm

dmcconachie wrote:Advertising has been part if Waze's plan for as long as I've been using it.

DM, from my exploration it seemed to me that in the beginning they were experimenting, seeing what they could monetize, and that advertising didn't begin in earnest until at least a year in. But that's not the main point. I find it hard to believe you don't know about FB's problems with privacy and data leakage.
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby ncc1701v » Sat May 11, 2013 2:09 pm

dmcconachie wrote:I'm aware of the concerns people have. They're way overplayed though. No worse than Google, Apple or Amazon.

OK well, I guess we disagree. I believe my opinion is based on historical evidence. Thanks.
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby nnote » Fri May 10, 2013 8:13 pm

Dear Mark Z,
I want at minumum .25 cents for each edit I've contributed to your possibly acquired navigation program. So far that's $92,550. If you request that I continue to spend my personal time improving your product my rate will continue to be .25 cents per edit and also an additional $15 per hour. Thank you.
(If waze stays waze I will continue for free on my own enjoyment and desire to help humanity)
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby petervdveen » Sat May 11, 2013 4:14 pm

I think the Wazebook logo looks quiet nice :lol:

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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby petervdveen » Sat May 11, 2013 9:51 pm

TheScarecrow wrote:I suppose selling out was always the eventual plan...

That's what most start-up's are hoping for ;-)
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Re: Facebook rumored to be buying GPS app Waze for upto$1bil

Postby petervdveen » Tue May 14, 2013 12:55 pm

The adds also appear without FB taking over ;-)
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