Facebook, Waze and the Falling Cost of Mapping Technology
A lot of digital ink has been spilled about why Facebook would want to snap up Waze — namely, the company’s 40 million mobile users. But the discussions also verify the once-unthinkable reality that a startup could scale a navigation and mapping service into a billion-dollar business in five years. A number of technological trends have set the stage for Waze and other mapping and navigation startups to compete. Here’s a look at a few of them…