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A Waze Deal Never Made Sense for Facebook: Blodget


Did Google buy Waze because it's a smart, and valuable, crowd-sourced mapping app? Or because Larry Page and others at Google didn't want Facebook to get it?

Maybe a little bit of both. For weeks, Google and Facebook were both in the running to buy the mobile company. But The Daily Ticker's Henry Blodget says it "never made sense for Facebook... not in the map business in the same way." He thinks a Waze deal would have made a lot of sense for Apple, but they "whiffed."