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).
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The Small Business Grants Program, revealed in a blog post on Tuesday morning, was created to keep workers working, help with rent costs, connect with more customers, cover operational costs. (Photo by Joe Raedle/Getty Images)
Lisa Callahan, the vice president of programs, told Cheddar about the Orion spacecraft set to aid the NASA Artemis project achieve its goals of returning to the moon and using it as a jumping-off point for a manned Mars mission.
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Matt Desch, Iridium Communications' CEO, spoke to Cheddar from the Satellite 2020 conference in DC, a day before the event was cut short when the city declared a state of emergency.
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The international body has developed a two-pronged approach in its battle against incorrect info — partnering with social media platforms to direct users to reliable sources and finding and responding to inaccurate rumors or falsehoods circulating the internet.
