Facebook’s next $1B acquisition may be social driving app Waze

After spending $1 billion on Instagram last year to keep pace with the mobile photo explosion, Facebook is now reportedly jumping into entirely new territory by spending a similar amount on the popular social driving app Waze.

Waze goes real time: Drivers can instantly add closed roads to its maps

What if you could instantly change car navigation maps for other drivers whenever you encountered a closed road?

Waze Ads: Social driving app kicks off location-guided mobile ads

Yes, it's a mobile advertising platform -- but it's mobile advertising with a fresh coat of paint.

Waze goes seriously social: Now you can share driving trips and easily pick up friends

Waze has been on a roll with its free crowdsourced GPS navigation apps, but today the company is getting even more social with an update that could change the way you drive forever.