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).
Facebook capped a tumultuous 2020 with soaring earnings in the final quarter, its user base boosted by people staying home and its revenue buoyed by a shift to digital advertising amid the pandemic.
Sara Luchian, director of passenger experience at Virgin Hyperloop, spoke to Cheddar about managing perceptions about the proposed high-speed rail project.
In the David and Goliath saga that has been captivating and confusing Wall Street recently, Goliath has fallen.
Washington Mystics forward Aerial Powers spoke to Cheddar about championing women in the world of video games and esports.
Easily track health stats like hydration and body composition through this smart strap and accompanying app.
Fort Collins, Colorado Mayor Wade Troxell, a member of the FAA drone advisory committee, spoke with Cheddar about how the recently implemented rules will affect the use of drones going forward.
The highly-rated bundle includes 220 lessons designed by Certified Ableton Instructor J. Allen for a proper education on one of the industry’s most important tools.
Jeremy King, senior vice president of engineering at Pinterest, joined Cheddar to talk about the augmented reality tools the social media platform is utilizing to improve e-commerce experiences for users.
Following Virgin Orbit's successful launch of satellites using its novel air launch system, CEO Dan Hart spoke with Cheddar about the future of space travel using this method.
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.
