Bloomberg reports that none of the bidders are close to clinching a deal, and the start-up might remain independent.
Founded 4 years ago, Waze makes a navigation application for iPhone and Android used by roughly 45 million people. Its mapping service is powered by the people who use it. The app also connects to Facebook and provides social-networking functions so drivers can see their friends' whereabouts, share their location, and send private messages.
Google’s possible purchase of Waze could add social features to Google Maps, making the service even more robust and popular product. Should Facebook buy Waze, the navigation app would give the social network a way to insert itself into the lucrative mobile search business owned by Google.
The search giant netted 93.3 percent of all US mobile search ad dollars last year, according to estimates from eMarketer. The firm anticipates that US mobile internet search ad revenue will total $7.85 billion in 2015; it pegs Google's share at around $7.1 billion, or 90 percent of the market.
Waze, a free service, generates revenue via location-based advertising. Its tools are also available over the Web.
Security services have been put to questioning after it was found that the two suspected Woolwich murderers had been flagged by MI5 for eight years. In response to the discovery, a House of Commons inquiry will be launched into the British security services’ handling of the murder.
However, security officials maintain that despite having a record of the two suspects, the attack would have been near impossible to prevent. Intelligence expert Glenn Montravor said that the suspects – Mr. Adebolajo, 28, and Mr Adebowale, 22 – likely had no intention to commit such a crime, and that their time and target was chosen at random.
“Even though our security services were aware of these perpetrators, it is almost impossible to predict when people suddenly, almost by happenstance, choose the time and place, and this poor unfortunate soldier was the target,” Montravor told RT.
The two suspects were shot by police after hacking to death Army Drummer Lee Rigby, 25, in broad daylight on Wednesday in the Woolwich area of East London. They are currently in separate hospitals under police surveillance and awaiting questioning.
“These sort of individualistic, lone-wolf style attacks, that don’t require great planning, don’t require some sort of specialist equipment, will become one of the main ways that people make a protest,” said Annie Machon, a former MI5 intelligence officer.
It was found that one of the aggressors in the attack was a Muslim convert. Michael Adebolajo came to Islam later in life upon leaving university when he joined a now-banned Islamist organization al-Muhajiroun. He also took the new name Mujaahid – meaning the one who engages in Jihad. Adebolajo was an active member of the group and attended regular meetings and demonstrations.
Speculation has been rampant as to what drove the suspects to commit the murder – what the two men called an “eye-for-an-eye” act to avenge Muslims killed abroad by UK troops. Many have suggested that the attack was blowback against British participation in the Afghanistan and Iraq conflicts.
“If you listen to the words of the attackers themselves, it’s clear they wished to bring the war they saw on the streets of Baghdad and Kabul onto the streets of London,” Jamie Bartlett, a security expert from UK think tank Demos told RT.
London Mayor Boris Johnson was quick to quash claims that the attacks were driven by extreme Islam or UK foreign policy. However, former Mayor Ken Livingstone accused Johnson of barefaced lying: “They are lying. They are completely complicit with the US policy just like Tony Blair was with George Bush. They aren’t prepared to stand up and say, well we think this strategy has been a disaster,” he told RT.‘We’re inspiring them’
The UK’s military presence abroad is inspiring extremist attacks in Great Britain, an anonymous British solider told RT’s Sara Firth.
“But also the argument’s to be made because we’re out there, we’re inspiring them or motivating them,” he told RT. “Our presence out there is sort of motivating the cells that are back in the UK to operate more and carry out more attacks.”
UK Muslim groups have decried the attack as an abomination, and condemned extremism. Thousands of Ahmadiyya Muslims are expected to gather in London on Friday to offer prayers to Drummer Rigby.
Read more of this story at Slashdot.
Read more of this story at Slashdot.
Negative Flash PMI data from China along with uncertainty about the US Federal Reserve’s bond-buying program saw Russian stocks slump on Thursday: The MICEX closed 3.56 percent lower at 1396.90 and the RTS fell 4.18 percent to close at 1400.84.
Markets worldwide reacted sharply to negative news in China and the US. Weak manufacturing data from China indicated that its manufacturing sector may be contracting, meaning the world’s second-largest economy may not be growing at as fast a pace as predicted.
Japanese stocks suffered major losses on Tuesday: The Nikkei 225 saw its biggest one-day drop – 7.3 percent – since Japan was hit by a devastating tsunami more than two years ago. Other major indices in Asia fell as well, with Hong Kong's Hang Seng shedding 2.5 percent and South Korea's Kospi dropping 1.2 percent. Markets in Australia, Thailand, Taiwan and Singapore also fell.
European markets also posted sharp losses on Thursday. The Stoxx Europe 600 index slumped 2.1 percent to 303.99, the FTSE 100 dropped 2.1 percent, Germany’s benchmark DAX 30 – which has been posting all-time highs recently – lost 2.5 percent, and the French CAC-40 slid 2.7 percent.
On Friday, the Ifo Institute will publish a report on the business climate in Germany. Revised data will also be released on Germany’s first-quarter economic growth and the Gfk consumer climate index. Also, the UK will release industry data on mortgage approvals, an important indicator of demand in the housing market.
Major US indices rebounded during the day Thursday, but still closed slightly lower. The Dow Jones Industrial Average lost 0.08 percent to close at 15294.50, the S&P 500 slipped 0.29 percent to close at 1650.52, and the Nasdaq Composite was down 0.11 percent to close at 3459.42.
Concerns are mounting about whether the US Fed intends to pull out of its $85-billion-a-month bond-buying program, which has been largely responsible for the multi-year highs witnessed in global markets in recent weeks.
Data released Thursday showed that the number of American who filed for jobless claims last week dropped by 23,000 to 340,000, slightly beating expectations. The US flash PMI index fell to 51.9 in May from 52.1 in April, its lowest reading since last October. On Friday, the US will wrap up the week with an update on durable goods orders, a key production indicator.
Asian stocks are seeing further losses on Friday after being struck by unexpectedly weak Chinese manufacturing data and news from the US Fed. Japan's Nikkei is still vulnerable: After a massive gain in the wake of yesterday’s session, it reversed later in the day, falling 0.7 percent to 14,391.74. South Korea's Kospi rose 0.1 percent to 1,971.23, Hong Kong's Hang Seng fell 0.5 percent to 22,553.60 and Australia's S&P/ASX 200 lost 1.7 percent to 4,976. Benchmarks in the Philippines, Taiwan and New Zealand also fell.
Oil is currently trading lower, with Brent down 0.09 percent to $102.30 and WTI down 0.3 percent t0 $93.90.