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).
Here are the headlines you Need2Know for Tuesday, November 25, 2020:
KeepSolid VPN Unlimited allows you to browse and shop on the web privately, and a lifetime subscription is under $20 ahead of Black Friday.
Clean-mobility startup Beam Global last month joined forces with the City of San Diego to install 50 off-grid electric vehicle charging stations that will be available to the public free-of-charge.
To rapidly grow your company or career, take notes on CeCe Morken's approach.
Learn a new language, protect your online privacy, and read thousands of books with lifetime access and 73% off these top-rated apps.
Catherine Coley, CEO of Binance.US, talked to Cheddar about Bitcoin's latest price gains and how cryptocurrency is here to stay.
Never worry about losing your important documents or photos with Degoo's lifetime subscription to 15TB of storage space in the cloud—now an extra 40% off for Black Friday.
Perfect your coding skills with training updated for 2021 and taught by top-rated instructors.
12min is a digital library with over 1,800 micro books that have been summarized so you can read them in less time.
XSplit Vcam is easy to use and can transform your webcam background without expensive tools or software.
