Facebook has already begun digging into the TV space with Facebook Watch, so what might the social media company’s next move in video be?
Jesse Redniss, Chief Innovation Officer of Turner’s TBS and TNT networks, predicts the company might buy Roku.
“Facebook has been trying to be getting into the video space for quite sometime now,” he told Cheddar in a recent interview. “When you look at Facebook’s track record of growth, the acquisition of Insta, WhatsApp, Oculus. In some ways, in order for them to really scale into a marketplace, it’ll make a lot of sense for them to buy one of the leaders in a marketplace they want to get into.”
Roku shares fell steeply Friday after Goldman Sachs downgraded the stock, saying the streaming company is overvalued. Still, the company is trading well above its IPO price, and posted a 48 percent increase in active accounts in the third quarter, as well as a 58 percent increase in streaming hours.
For full interview [click here](https://cheddar.com/videos/a-bold-prediction-on-why-facebook-would-acquire-roku).
For the first time in 60 years of human spaceflight, a rocket is poised to blast into orbit with no professional astronauts on board, only four tourists.
Apple unveiled its next iPhone line-up, including a model that offer twice the maximum and other modest upgrades to last year’s editions.
Your palm could soon be your ticket into a concert. Amazon says it is bringing its palm-recognition technology to the Red Rocks Amphitheatre in Denver and it will be available at other venues in the coming months.
Solar energy has the potential to supply up to 40% of the nation’s electricity within 15 years — a 10-fold increase over current solar output, but one that would require massive changes in U.S. policy and billions of dollars in federal investment to modernize the nation's electric grid, a new federal report says.
Amazon to Open 2 Cashier-less Whole Foods Stores Next Year
Gain-of-Function, Mexico Abortion Stunner & Album Wars
Goodbye Summer, Texas Abortion Law & Remembering Michael K. Williams
Apple is indefinitely delaying its plans to scan iPhones in the U.S. for images of child sexual abuse.
When Only Fans announced that they would be blocking adult content on the platform, creators like Pyra Faye were shocked and disheartened.
When Only Fans announced that they would be blocking adult content on the platform, creators like Pyra Faye were shocked and disheartened. The company has since changed stances, saying it would suspend its initial ban on sexually explicit content. But Pyra Fae says the damage has been done, as she's noticed website traffic decline which has impacted her business.
