Forum Moderators: rogerd
The world's top cellphone maker Nokia said on Monday it has agreed to buy social networking start-up Plazes as part of its major push into offering Internet services.Plazes provides location-aware services that people can use to plan, record, and share their social activities.
Nokia did not disclose the value of the deal.
That's certainly the key piece. Phone companies need to find alternate business models. The idea of free phones supported by ads is hardly far fetched, and the most valuable ads will be location-dependent.
