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).
The four civilian SpaceX crewmembers joined Cheddar to talk about the historic flight to take place this September.
Michael Colglazier, Virgin Galactic CEO, spoke to Cheddar about the latest shiny space vehicle from the company and the future of commercial space travel.
Cheddar's Baker Machado and Azia Celestino break down video gaming from the console wars to the gamification of job recruiting.
What happens inside a warehouse in Bessemer, Alabama could have major implications not just for the country’s second-largest employer but the labor movement at large.
A billionaire's private SpaceX flight has filled its two remaining seats with two longtime space fans.
Ebony Beckwith, chief philanthropy officer at Salesforce and CEO of the Salesforce Foundation, spoke to Cheddar about the changing landscape of corporate social responsibility.
Jack Hartung, Chipotle's chief financial officer, talked to Cheddar about the restaurant chain's investment in autonomous vehicle maker, Nuro, and the future of burrito deliveries.
Jay Livingston, Shake Shack's chief marketing officer, said Uber's experience in the delivery space made the exclusive partnership an easy decision.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
AeroFarms ($ARFM), a leading vertical farming company, announced Friday morning that it plans to go public via a merger agreement with a special purpose acquisition vehicle.
