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Google Acquires Waze for US$1 BillionGoogle has just announced the acquisition of Waze, a social mapping and navigation app that features real-time traffic data provided by its use nike air max rs. While Google did not disclose the purchase price, The New York Times reports that the deal is in the region of US$1 billion.While relatively unknown, Waze has been the subject of a hotly contested bidding war in recent months, with both Apple and Facebook i yeezy 700 nterested in snapping it up. The app works by letting its users update the map with real-time alerts that clue you into accidents, road debris, potholes, construction, and other events that could slow your commute.Google posted an example of how Waze works in its blog:We rsquo ve all been th new balance ere: stuck in traffic, frustrated that you chose the wrong route on the drive to work. But imagine if you could see real-time traffic updates from friends and fellow travelers ahead of you, calling out ldquo fender bender...totally stuck in left lane! rdquo and sho