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).
SMBs are under attack, and these tips can keep the hackers at bay.
Since May of 2020, decentralized finance (DeFi) has seen a huge rise in assets and expansion. What will this mean for its users in 2021?
Home services search platform, the Porch Group, made its Nasdaq debut just in time for Christmas.
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.
Equinox Media CEO Jason LaRose discussed the at-home success of its fitness app and how the company is still committed to the in-person gym workout.
TikTok isn't just gaining popularity among teens, the Mexican drug cartel is using the platform to promote its illicit activities. Cheddar's Michelle Castillo reports.
The coronavirus pandemic has revealed to Americans that employers have been able to maintain business as employees work from home. Now, companies are looking to rollout features to improve WFH productivity. Cheddar's Michelle Castillo reports.
While the U.S. reels from the massive SolarWinds hack, which compromised government agencies and private tech companies, experts predict more attacks on high-value targets are likely to occur.
An Amazon's Choice product, these highly-rated headphones combine high-performance speakers with T-Quiet™ active noise-canceling technology for an optimal listening experience.
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.
