Last week, the increasingly popular traffic and navigation app, Waze, launched a redesign that brought a deeper level of social integration to its user experience. Along with redesigned maps and a new interface, the startup added Facebook single sign-on and features that allow users to share their drives, pickups and meetup spots, communicate their status from the road and check-in at a destination without leaving the app.
Following on the heels of its social integration, Waze is now turning its attention to monetization as part of an attempt to breathe new life into mobile advertising. Today, the company is rolling out a new product called Waze Ads, a location-guided ad platform for local business owners and big brands that want to attract the attention of nearby drivers.
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