Waze crashes immediately on startup
According to Waze, this is a known bug with this version.
Waze is reporting it as &quot;a Facebook issue&quot; and directing users to this Facebook developer URL for more info.
Also, there's a megathread on Reddit with a list of apps that are impacted by this Facebook SDK issue.  You don't have to have Facebook installed or have a Facebook account for this bug to impact your apps.  If the app uses a Facebook library, it will be affected.
Updated: There a workaround for this issue as posted in a Verge article:

Lockdown Apps, a firewall and privacy protection app on iOS, uses a VPN to block trackers and things like Facebook’s iOS SDK from loading in third-party apps. It will allow apps like Spotify, Pinterest, and Tinder to launch during a Facebook iOS SDK outage, and it’s completely free to use.

I've tried this using the Lockdown app and I'm able to launch Waze without a problem.